As creditors continue to argue over ownership of the Texas Rangers baseball team, lawyers who could fill the 40-man roster are gathering. Bloomberg reported Friday that a U.S. trustee has appointed New York Yankees star Alex Rodriguez to the creditors' committee in the bankruptcy case. Rodriguez was filed for bankruptcy by the law firm Latham & Watkins, which has offices in Houston and Dallas. He is the lead legal counsel for the Exploration and Production Company, which is part of a Chapter 11 bankruptcy case jointly administered by the Bankruptcy Court of the State of Texas in Dallas and the Federal Deposit Insurance Corporation. News that the baseball star will be pinching himself on the creditors committee was accompanied by a barrage of media coverage in Texas and across the country on Saturday.
K L. Gates has selected six or seven other firms to represent the creditors "committee, he said. K.L Gates, a restructuring partner at Weil, Griswold, Klein, Rosen & Katz in Houston, is representing the Rangers in the bankruptcy proceedings, with a local attorney acting as attorney for the exploration and production company and the bankruptcy court in Dallas.
The lawyers had the opportunity to represent Rangers and their secured creditors in court at all stages of the restructuring process. They have represented other professional sports teams in court, including the Houston Astros and Texas Rangers, and they have the experience of representing the Dallas Cowboys, Houston Texans, Dallas Mavericks and Texas A & M University in court.
Several of these lawyers hold senior positions and speak regularly at industry events across the country. Specifically, Attorney Susan Taylor is a member of the American Bankruptcy Lawyers Association, a professional association of more than 1,000 attorneys in the United States and Canada who practice in all areas of education and bankruptcy proceedings. It is respected and also respected for its expertise in bankruptcy law and its commitment to legal practice.
Lynn has been a member of the Board of Directors since 1996 - certified in business and bankruptcy law by the Texas Board of Legal Specialization. He has extensive experience in appeals against bankruptcy trustees, served as lead counsel in the U.S. District Court for the Southern District of Texas, and has filed numerous bankruptcy suits, acting as lead plaintiff and defense counsel in many bankruptcies and adversaries, including fraud and discharge proceedings.
He has been a member of the Texas Board of Legal Specialization and the League of Texas Bankruptcy Lawyers Board for eight years. His work was shaped by his experience in business and bankruptcy law, his law studies and his experience in legal practice.
Mr. Perez was named Outstanding Restructuring Lawyer by Turnarounds in 2014 and recognized as one of the leading U.S. bankruptcy attorneys by the American Bar Association. Two attorneys have been appointed to lead Texas bankruptcy administrators, including the chairman of that division. The Department was named Best Lawyers in the Lawdragon's Best Lawyers Ranking for 2021, and two attorneys were recognized as the leading bankruptcy and restructuring attorneys in the United States at the inaugural Law Dragon's Law Awards. They were also honored at the LawDragon Awards, the largest and most prestigious award program for the nation's leading and best bankruptcy lawyers, which has included the chairman of their department, the president and the chief executive officer every year since 2005.
They have offices in Texas and Colorado, including offices in the U.S. Bankruptcy Court in San Antonio, Texas, as well as in New York City and Los Angeles, California.
They have been handling bankruptcy cases since 2005, when the Insolvency Code was amended, and represent those who file for bankruptcy proceedings in particular. Sometimes, things emerge at the end of bankruptcy proceedings, such as the need to deal with a new unexempted property that has been discovered, or dealing with creditors who try to recover claims that have been forfeited in bankruptcy.
There are additional papers you may want to file after filing your bankruptcy petition, but you may never have to worry. You must pay the legal fees, although in your case you cannot be a creditor.
If you are a creditor, your law firm can file a complaint to determine the debt liability of your debt. If you file for Chapter 7 bankruptcy, you will normally have to pay your current Chapter 7 bankruptcy fees to the court. When filing for Chapter 13 bankruptcy in Texas, the current filing fee for the filing fees you must pay in person (exact change) is approximately $335, and the attorney fees for filing for the next Chapter 13 bankruptcy are approximately $335, or about $310. You must pay $338 in filing costs and fees personally to your court or the courts in the United States.
If you are considering your own case and want to learn more about situations that may arise after filing, you can contact one of our Texas Chapter 13 bankruptcy attorneys to retain your property and repay your debt if necessary.