Bankruptcy and Business Restructuring

Haynes and Boone's Bankruptcy and Business Restructuring Practice Group has launched a new blog, Oil Patch Bankruptcy, to provide information on key issues and developments in the bankruptcy and restructuring industry.

Successfully navigating distressed situations requires lawyers who know the law and understand business.

The Bankruptcy and Business Restructuring Practice Group at Haynes and Boone has long been recognized as one of a handful of teams in the nation fully equipped to handle the largest and most complex out-of-court financial restructurings and Chapter 11 reorganization cases.

Our clients, whether debtors, creditors, lenders, equity security holders or agent banks, rely on our significant experience, skill and deep bench. With partners and counsel that have been practicing for 25 years or more, on average, and a dedicated team of well-trained associates, we have the knowledge, experience, and skills to tackle our clients’ toughest problems.

We have handled matters across a wide variety of industries, and our lawyers are adept at learning the “ins-and-outs” of our clients’ businesses. In fact, Chambers USA, Chambers & Partners, reported that our lawyers “consistently become experts on the matters they are handling, and their work product is flawless.” For example, in the oil and gas space, our clients are expertly represented by our deep understanding of both their day-to-day operational and financial issues and the economic and political trends that affect their businesses.

Not surprisingly, our lawyers have developed excellent reputations in the nation’s busiest bankruptcy jurisdictions, including New York, Delaware, Texas and Colorado. As trusted legal and business advisors, we know how to accomplish our clients’ goals in and out of the courtroom.

Our experience includes:

  • Advising boards of directors of distressed and failing companies
  • Serving as counsel to debtors, creditor committees, senior debt holders, portfolio companies, subordinated debt holders, ad hoc groups of creditors and equity security holders
  • Advising sellers and buyers in distressed mergers and acquisitions
  • Representing key suppliers, landlords and tenants of distressed retail and manufacturing companies
  • Representing banks as agents for syndicates, both secured and unsecured
  • Representing parties with significant claims against debtors in bankruptcy
  • Defending parties facing significant litigation claims brought by bankruptcy trustees and creditors
  • Representing corporate clients in transactions and litigation with financial distressed counterparties
  • Advising parties in connection with cross-border workout and restructuring matters, particularly in Mexico

Industry Experience

Our lawyers have represented clients in matters involving many different industries, including:

  • Automotive
  • Aviation and airline
  • Communications and media
  • Construction and home building
  • Oil, gas, alternative energy, and utilities
  • Gaming
  • Government contracting
  • Financial services and insurance
  • Food distribution
  • Franchise
  • Healthcare
  • Hospitality and lodging
  • Manufacturing
  • Pharmaceuticals
  • Real Estate
  • Retail
  • Sports and entertainment
  • Telecommunications
  • Technology
  • Transportation


Oilfield Services

Oilfield Services Bankruptcy Tracker | Haynes and Boone, LLP

Oilfield Services Bankruptcy Tracker

View the Haynes and Boone Oilfield Services Bankruptcy Tracker – Updated October 25, 2016.

As a service to the energy industry, the lawyers of the Oilfield Services and Bankruptcy Practices at Haynes and Boone, LLP are tracking industry developments in oilfield services restructurings and have compiled their findings on middle-market oilfield services bankruptcies to be used as an informational tool.


Midstream Report | Haynes and Boone, LLP

Haynes and Boone Midstream Report

As a companion to our analysis of E&P and oilfield service bankruptcy filings, Haynes and Boone has reviewed and compiled this Midstream Report. As of September 14, 2016, 13 midstream companies have filed Chapter 11 bankruptcy in the United States since 2015. These bankruptcies involved approximately $17.2 billion in cumulative secured and unsecured debt (including debt of related affiliates).



View the Haynes and Boone Oil Patch Bankruptcy Monitor – Updated October 19, 2016.

Haynes and Boone has tracked 105 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015. These bankruptcies, including Chapter 7, Chapter 11, Chapter 15, and Canadian cases, involve approximately $67.9 billion in cumulative secured and unsecured debt. As of October 19, 2016, 61 producers have filed bankruptcy so far this year, representing approximately $50.6 billion in cumulative secured and unsecured debt. Despite the recent spike in oil prices, all indications suggest more producer bankruptcy filings will occur during 2016.

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