A severe winter storm left Texans without essential utilities for days, causing some of Texas’ largest electricity providers to file for bankruptcy seeking relief from debts owed to the Electric Reliability Council of Texas (“ERCOT”). Additionally, more than one year after the emergence of COVID-19, restrictions are starting to lift and businesses in Texas are returning to near-normal activity. The true impact of government restrictions on businesses during the COVID pandemic has yet to be fully seen in the bankruptcy courts. (more…)

‘Hope isn’t a business strategy,’ Robert Forshey Tells Texas Lawbook

Bankruptcy filings shattered records in 2020, but most of the companies seeking bankruptcy protection in Texas were very large companies with assets or debts of $500 million or more, according to a recent report in The Texas Lawbook. (more…)

Kudos to Forshey Prostok partner Deirdre Brown for her continued advocacy on behalf of the official committee of royalty owners in the ongoing Chesapeake Energy Corp. bankruptcy. (more…)