Biography

Patty Tomasco is a partner in the bankruptcy section of Jackson Walker and has more than 25 years’ experience resolving corporate insolvency problems. She focuses on workouts, distressed acquisitions and corporate restructuring, and debtor and creditor representation in Chapter 11 cases, and related litigation. Patty frequently represents clients in the energy and telecommunications industries and high tech debtors in both reorganizations and litigation.

Practice Experience

  • Representation of Ameriforge Group, Inc. in the successful prosecution of a “straddle” pre-packaged reorganization which confirmed the plan 19 days after petition date.
  • Representation of an oil field services company, Light Tower Rentals, in the successful prosecution of a “straddle” pre-packaged reorganization which confirmed the plan 30 days after petition date.
  • Representation of an E&P company, Midstates Petroleum, in a successful chapter 11 proceeding which was confirmed 5 months after the petition date.
  • Representation of an E&P company, Linn Energy, in their ongoing chapter 11 cases involving $9 billion in debt restructuring.
  • Representation of a toll road concessionaire, SH-130, in ongoing chapter 11 cases to restructure $1 billion in debt.
  • Represented El Paso Children’s Hospital a non-profit hospital in an highly contested chapter 11 reorganization. Following extensive and expedited litigation, filed and confirmed a 100-cent plan of reorganization in less than seven months
  • Represented multiple telecommunication companies formed by the merger of PointOne Telecommunications and Pac-West Telecomm in a jointly administered chapter 11 proceeding and organized the sale of all of the companies’ assets.
  • Following the closing of the sale of assets, directly managed the liquidating trust, successfully resolving multiple adversary proceedings relating to CMRS/CLEC inter-carrier compensation and ad valorem tax issues.
  • Represented Introgen Therapeutics and related biopharmaceutical companies in a jointly administered chapter 11 proceeding. Organized the sale of all of the Debtors’ assets. Following the closing of the sale of assets, directly managed the liquidating trust initiating multiple adversary proceedings relating to intellectual property monetization, royalty monitoring, and related IP transactions.
  • Represented a petroleum products company in a chapter 11 proceeding Successfully represented the debtor resulting in confirmation of the chapter 11 plan of reorganization, and continued to represent the debtor post-confirmation in  related intellectual property litigation matters.
  • Represented multiple metal fabricating and manufacturing companies in a jointly administered chapter 11 proceeding. Organized the sale of all of the companies’ assets under a plan of reorganization.
  • Significant representations in major restructuring cases including In re Dow Corning (debtor), In re Cajun Electric (purchaser), In re Damson Oil (debtor), In re Food Barn Stores (debtor), and In re El Paso Electric (purchaser)

Career Highlights

  • Represented a non-profit hospital in an highly contested and litigious chapter 11 reorganization. Following extensive and expedited litigation, filed and confirmed a 100-cent plan of reorganization in less than seven months.
  • Represented multiple telecommunication Debtors in a jointly administered Chapter 11 proceeding. Organized the sale of all of the Debtors’ assets. Following the closing of the sale of assets, directly managed the liquidating trust successfully resolving multiple adversary proceedings relating to inter-carrier compensation and ad valorem taxes.
  • Represented multiple biopharmaceutical Debtors in a jointly administered Chapter 11 proceeding. Organized the sale of all of the Debtors’ assets. Following the closing of the sale of assets, directly managed the liquidating trust initiating multiple adversary proceedings relating to intellectual property monetization, royalty monitoring, and related IP transactions.
  • Represented an oil products company in a Chapter 11 proceeding. Successfully represented the Debtor resulting in confirmation of the Chapter 11 plan of reorganization, and continued to represent the Debtor post-confirmation in related intellectual property litigation matters.
  • Represented multiple metal fabricating and manufacturer Debtors in a jointly administered Chapter 11 proceeding. Organized the sale of all of the Debtors’ assets. Following the closing of the sale of assets, directly managed the liquidating trust initiating multiple adversary proceedings relating to ad valorem tax reductions, account receivable turnover and preferential transfers.

Community

Professional:

  • Turnaround Management Association
  • Associate of Corporate Growth
  • American Bankruptcy Institute
  • State Bar of Texas
    • Bankruptcy Law Section
  • Austin Bar Association
    • Bankruptcy Section
  • New York Bar Association
  • Bar Association of the Fifth Federal Circuit

Civic:

  • Caritas of Austin
    • Volunteer (procure, prepare and serve meals to nearly 400 homeless people); 2009-present
    • Community Action Board Member (advocacy for non-profit organization dedicated to ending homelessness and hunger); 2014-present
  • Austin Lyric Opera Board Member; 2005-2008.

News & Events

  • News & Publications
  • Speeches
  • Mentions

    iHeartMedia Files Chapter 11

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  • Attorney News

    53 Jackson Walker Attorneys Named to 2017 ‘Texas Super Lawyers’ List

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  • Attorney News

    Patty Tomasco to Speak at American Bankruptcy Institute’s Annual Spring Meeting

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  • Spotlight

    Jackson Walker Receives Three Awards at The M&A Advisor’s Distressed Investing Summit

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  • Mentions

    Patty Tomasco Talks Chapter 11 Bankruptcy on KVUE-TV in Austin

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  • Attorney News

    Jackson Walker Congratulates its 54 Attorneys Added to ‘2016 Texas Super Lawyers’ List

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  • Events

    Houston Event Offers Timely Discussion About ‘Risky Business: Lending in Distressed Times’

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  • Attorney News

    Patty Tomasco Speaks on Intellectual Property Issues in Bankruptcy

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  • Publication

    Intellectual Property Issues in Bankruptcy and the Exclusion of Trademark Licenses from the Definition of Intellectual Property

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  • Highlights

    Considerations and Consequences of a Bankruptcy Filing in the Oil and Gas Industry

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  • Attorney News

    Patricia Tomasco Speaks on Intellectual Property Licensing Agreements and Bankruptcy

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  • Attorney News

    Patty Tomasco Speaks on Valuation of Intellectual Property

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  • Publication

    Telecom Bankruptcies: Swimming Against A Tidal Wave

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  • Publication

    Leases and Bankruptcy

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  • Press Releases

    Patricia Tomasco Speaks at UT Law Bankruptcy Conference

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  • Publication

    To Caesar, Only What Is Due

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  • Press Releases

    Jackson Walker Congratulates Its 51 “Texas Super Lawyers”

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  • Publication

    When States Are Creditors: Why §525 Matters and Should Be Expanded

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  • Press Releases

    Jackson Walker Congratulates Its 55 “Texas Super Lawyers”

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  • Publication

    Let My People Go…to Delaware

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  • Press Releases

    Leonard Dougal Speaks on Funding Water and Sewer Infrastructure Projects

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  • Press Releases

    Patty Tomasco Speaks on Trends in Bankruptcy and Restructuring

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  • Press Releases

    Patricia Tomasco Speaks on Bankruptcy and Restructuring

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  • Press Releases

    Jackson Walker Congratulates Its 50 “Texas Super Lawyers”

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Let My People Go . . . to Delaware; ABI Journal, March 2013

When States are Creditors: Why 525 Matters and Should be Expanded; ABI Journal; March 2014

To Caesar, Only What is Due: An Opportunity under 505(a)(2)(C) for Ad Valorem Taxes; ABI Journal; September 2014

Rapid Fire: Strategies for a Quick Reorganization; ABI Winter Leadership Conference; December 2016

Where Have all of the Equities Gone: A Three Part Examination of the Role of Equity in Modern Bankruptcy Courts (with Judges Tony Davis and Jeff Bohm); 2016 Jay L. Westbrook Bankruptcy Conference 2016

Creditors and Copyrights: Secured Transactions, Bankruptcy, and Related Issues; The Copyright Society of the USA; June 2016

Equities in Bankruptcy; Not Gone, Not Forgotten (with Judge Tony Davis and Jeff Bohm); Western District Bankruptcy Bench Bar; April 2016

Current Issues in Valuing Intellectual Property; VALCON, March 2016

Intellectual Property Issues in Bankruptcy and the Exclusion of Trademark Licenses from the Definition of Intellectual Property; Jay L. Westbrook Bankruptcy Conference 2015

Intellectual Property Licensing Agreement Under the Bankruptcy Code: Bankruptcy Basics; ABA 30th Intellectual Property Law Conference; March 2015

Valuation of Intellectual Property (and Beyond); VALCON; February 2015 Sections of the Code You Don’t Know But Probably Should; Esoterica of the Bankruptcy Code: Fun with Sections 108, 505, 525, 726, and More; Jay L. Westbrook Bankruptcy Conference 2014

Debt as an Asset Acquisition Tool and Defenses to Loan-to-Own Strategies; Jay L. Westbrook Bankruptcy Conference 2012

Mass Preference Actions: Pros, Cons and Strategies (with Francis Carter); Jay L. Westbrook Bankruptcy Conference 2011

Staying In: Disinterested/Contingency Fees (with Frank R. Monroe); Jay L. Westbrook Bankruptcy Conference 2010

Telecom Bankruptcies: Swimming Against a Tidal Wave; 20th Annual Advanced Business Bankruptcy Course 2002

How Many Angels Can Dance in the Zone of Insolvency?, Western District of Texas Bench Bar Conference 2002

Taxation of Liquidating Trusts (Co-Author with Myron M. Sheinfeld); 7th Annual University of Texas Bankruptcy Conference 1988

Collier on Bankruptcy, Chapter 8: Tax (Assistant to Contributing Author Myron M. Sheinfeld), 15th ed. rev. 1990

Collier’s Bankruptcy Practice Guide, Chapter 89: Financing the Operation of a Debtor's Business (Assistant to Contributing Author Frank R. Monroe), rev. 1990.