Steven Bryant's bankruptcy and restructuring experience spans a broad range of industries. Board Certified in Business Bankruptcy Law by the Texas Board of Legal Specialization, he has represented both corporate debtors as well as secured and unsecured creditors in complex business bankruptcy cases across the United States. Steven also represents plaintiffs and defendants in bankruptcy-related litigation.
- Represented the International Brotherhood of Electrical Workers Local Union 1245 as its bankruptcy counsel in In re PG&E Corp., et al., Case No. 19-30088, which is pending in the Northern District of California. The IBEW represents thousands of PG&E employees and contractors and is a member of the Official Committee of Unsecured Creditors of PG&E. The PG&E Chapter 11 cases are among the largest and most complex Chapter 11 cases ever filed in the United States.
- Represented Texas Pellets, Inc. and German Pellets Texas, LLC as bankruptcy counsel in In re Texas Pellets, Inc., Case No. 16-90126, which is pending in the Eastern District of Texas. These Chapter 11 debtors own one of the largest wood-pellet manufacturing facilities in the United States and had over $185 million in secured, prepetition bond debt as of April 30, 2016.
- Served as co-counsel to the exit financier in the Chapter 11 case In re SH130 Concession Co., LLC, Case No. 16-10262, in the Western District of Texas. The financier provided over $200 million in exit financing to the debtor, a toll-road operator located near Austin, Texas. With these funds, the debtors were able to confirm a Chapter 11 plan in May 2017 and restructure over $1 billion in prepetition debt.
- Represented a buyer (backed by private equity) in In GreenHunter Resources, Inc., Case No. 16-40956, in the Northern District of Texas. The debtors were oil-field services companies with several million in secured debt. The client prevailed at an open auction with a bid of over $20 million in total consideration for substantially all of the debtors’ assets. The bankruptcy court approved the sale, which enabled the debtors to confirm a Chapter 11 plan.
- Represented the Official Unsecured Creditors’ Committee in the Chapter 11 case In re University General Health System, Inc., et al., Case No. 15-31086, in the Southern District of Texas. With the Committee’s assistance, the debtors, who owned a large, Texas-based hospital system, sold their assets for $33,000,000 and then confirmed a Chapter 11 liquidating plan, thereby returning value to unsecured creditors.
- Counseled a Fortune 500 bank in In re WMF Airport Hotel Ltd, Case No. 11-34676, a Chapter 11 case brought by a Holiday Inn hotel in Houston, Texas. The parties eventually restructured the bank's $11 million loan as part of an agreed Chapter 11 plan of reorganization.
- Represented major energy companies in multiple oil and gas bankruptcy cases, including SemCrude, ATP Oil and Gas, Delta Petroleum, Tri-Union, and Capco, Inc.
- Represented clients in numerous bankruptcy-related lawsuits, including adversary proceedings alleging violations of the Bankruptcy Code, the Real Estate Settlement Procedures Act (RESPA), and the Fair Debt Collection Practices Act (FDCPA).
- Structured complex commercial transactions, including syndicated and non-syndicated loans and capital-equipment finance leases, outside of bankruptcy. Among other projects, conducted a top-to-bottom review of a Fortune 500 client's finance-leasing and loan documentation.
Professional Affiliations and Recognitions
- President, Turnaround Management Association, Central Texas Chapter (2019)
- Member, Austin Bar Association Bankruptcy Section
- Member, Abiding Love Lutheran Church
- Member, Austin Sister Cities International Committee
Board CertificationsBusiness Bankruptcy Law by Texas Board of Legal Specialization