Debtor Representation

While not as common as representation of creditors, Snow Spence Green LLP has co-represented debtors in bankruptcy as well as in out-of-court workout agreements. The Firm believes that when representing a debtor, it is critical to be straightforward and forthcoming with information to the debtor's creditors and to provide a resolution which is fair to both the debtor and its creditors.

Representative Experience

Below is a list of matters in which the Firm has represented the debtor:

  • In re Retail Concepts, Inc., d/b/a  Sun & Ski Sports, Sun & Ski Sports EXPO, and Sun & Ski Outlet f/k/a Universal Ski & Skate Outlet, Sporthaus Lindner of Aspen, Ski Haus Sports EXPO, Ski Haus Sports, and ESPN X-Games Skatepark, Debtor; Case No. 02-41016-H5-11; In the United States Bankruptcy Court for the Southern District of Texas, Houston Division. Debtor was engaged in retail sales of sporting goods and had liabilities in the amount of $23,806,852.57 and assets of approximately $16,157,663.36. The debtor operated 19 stores located in 8 states, with 10 of the stores located in Texas, 2 in Oklahoma, and 1 store in each of the states of Florida, Georgia, Maryland, Missouri, North Carolina, Ohio, and Tennessee. Served as counsel for debtor and negotiated replacement financing by (i) negotiating exit financing to pay off prepetition secured creditor and establish a $12 million credit line, (ii) negotiating rent abatement and concessions, (iii) negotiating recapitalization of debtor, (iv) negotiating restructure of unsecured debt obligations, and (v) obtaining confirmation of debtor=s proposed plan of reorganization.

  • In re Tri Texas Realty Corp., d/b/a Floral Garden Apartments, Debtor; Case No. 91-02730-H3-11; In the United States Bankruptcy Court for the Southern District of Texas, Houston Division. Debtor was the owner of an apartment complex. 

  • In re International Terminal Corporation, Debtor; Case No. 87-02202-H2-11; In the United States Bankruptcy Court for the Southern District of Texas, Houston Division.

  • Benz Energy, Inc. and its affiliate Texstar Petroleum, Inc.; Negotiation and documentation of the terms of a Debt Restructure Agreement and underlying security agreements, deeds of trust, and assignments between Benz Energy, Inc. and its affiliate Texstar Petroleum, Inc. and approximately 90 creditors aggregating approximately $12 million in debts.