For over 20 years Michael Parker has focused his practice on bankruptcy and insolvency-related litigation and workouts in a broad range of industries. He has considerable experience representing large and small buyers of distressed assets in bankruptcy court and federal district court.
Michael's pre-law life as a civil engineer and project manager gives him a unique perspective on many industries, helps him to understand and relate to client control desires, and helps him quickly understand and address problems presented.
Michael's work is concentrated as follows:
- Landlord/REIT/Tenant Rights and Real Property Leasing
- Distressed Asset Buyers/Sellers
- Creditor Rights
- Equipment Leasing
- Chapter 11 and 7 Trustees
- Plan and Liquidation Trustees
- Restructuring and Reorganization
- Oil & Gas Insolvency
- Loan Workouts
- Foreclosure and UCC Article 9 Sales
- Creditor Committees
- Corporate Debtors
- Forward and Derivative Contract Counterparties
Michael has represented individuals, groups, corporations, private funds and private equity buyers in their acquisitions of distressed commercial assets, including hospitals and health care assets, and their defense of avoidance actions. He has helped financial institutions and other secured lenders maximize the value of their positions and return on capital in bankruptcy sales under section 363 of the bankruptcy code and through opposition to, or negotiation of, plans of reorganization.
He regularly represents a Real Estate Investment Trust ("REIT") with hundreds of millions of dollars in assets, in the REIT's efforts to position itself to maximize its recovery on distressed, commercial, and real property assets in the REIT's portfolio. He represents plan, liquidation, Chapter 11, and Chapter 7 trustees in complex bankruptcy and commercial litigation disputes, contract counterparties, and large unsecured creditors in their attempt to maximize recovery and minimize damage.
Michael also represents corporate bankruptcy debtors with complex litigation problems. Michael has represented a law firm and a designated health care network in the their respective, successful plans of reorganization.
In 1999, he was certified by the Texas Board of Legal Specialization in Business Bankruptcy and Consumer Bankruptcy Law. Michael served on its board from 2005 to 2011, and served as its chair of its Business and Consumer Bankruptcy Commission in 2011.
Previously, Michael served as a briefing attorney for the Honorable Ronald B. King, United States Bankruptcy Judge for the Western District of Texas; as a law clerk for Hon. John Cornyn, Associate Justice of the Texas Supreme Court (now a U.S. Senator); and as a law clerk for Hon. Lloyd Doggett, Associate Justice of the Texas Supreme Court (now a U.S. Representative).