Arsalan Muhammad is an associate in the Bankruptcy and Business Restructuring Practice Group of the Houston office of Haynes and Boone, LLP. His practice focuses on bankruptcy law, bankruptcy-related financings, acquisitions and litigation. Arsalan’s experience includes the representation of Chapter 11 debtors, secured and unsecured creditors, petitioning creditors as well as other parties-in-interest in a variety of business restructuring matters.
- Representation of Credit Agricole Corporate and Investment Bank as the prepetition lender and agent, and DIP Lender, in the Chapter 11 bankruptcy cases of Trinity Coal Company in Lexington, Kentucky.
- Representation of think3 Inc. in its Chapter 11 bankruptcy case and in opposing a competing petition for recognition under Chapter 15 of a foreign trustee.
- Representation of Ultra Petroleum in the acquisition of assets from debtor The Banning Lewis Ranch Company, LLC.
Selected Representative Experience
North American Airlines Chapter 11 Bankruptcy Sale
Represented Global Aviation Holdings Inc. and its subsidiary, North American Airlines, Inc., in the sale of the assets of North American Airlines, Inc. as a debtor in Chapter 11 to Omni Aviation International, Inc. for approximately $11 million plus earnout.
Handy Hardware Wholesale, Inc.
Represented Handy Hardware Wholesale, Inc. as special corporate counsel in the sale of its assets to a private equity firm Littlejohn & Co. LLC pursuant to Handy Hardware's Chapter 11 plan of reorganization.
RP Holdings Inc. Restructuring
Haynes and Boone was engaged by RP Holdings Inc. in August 2011 to assist in its restructuring efforts. At that time, the company had just hired a new CEO, was facing liquidity challenges due to the nationwide stoppage of foreclosure prosecutions, and had completed internal audits showing a total of approximately $20 million was owed to it by its two largest customers. Its senior secured facility was due to mature in August 2012. In the fall of 2012, the company pursued a restructuring transaction with its private equity sponsors, the secured lenders and the two law firms, which failed to materialize on the eve of a possible closing in early January 2012.