Patricia Tomasco

Patricia Tomasco

Jackson Walker

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

A Chapter 11 bankruptcy filing of an oil and gas company will likely have broad implications for a wide range of parties. Certain pervasive agreements in today’s oil and gas industry generate substantial, high-dollar...more

5/15/2015 - Assignments Bankruptcy Code Chapter 11 Commercial Bankruptcy Commercial Leases Farmout Agreements Forward Contracts Joint Operating Agreement Oil & Gas

Leases and Bankruptcy

WHEN THE TENANT FILES BANKRUPTCY I. Before the Bankruptcy is Filed. The Bankruptcy Code, found at 11 U.S.C. §§ 101, et seq., creates a category of rights known as “executory contracts.” An executory contract, in...more

2/4/2015 - Bankruptcy Code Consumer Bankruptcy Executory Contracts Residential Leases

Telecom Bankruptcies: Swimming Against A Tidal Wave

“The news from the telecom industry will remain unrelentingly negative until a cyclical upturn is in sight possibly not until 2003. In the interim the telecommunications sector will be entering a build-buy or be bought phase...more

2/3/2015 - Administrative Priority Chapter 11 Commercial Bankruptcy Equipment Lease Telecommunications

To Caesar, Only What Is Due - An Opportunity under § 505(a)(2)(C) for Ad Valorem Taxes?

Plagued with financial uncertainty and inadequate resources, debtors often fail to take the steps that are needed to minimize property taxes in the period leading up to bankruptcy. Tax protests go unfiled and valuations go...more

9/11/2014 - Ad Valorem Tax Bankruptcy Code BAPCPA Consumer Bankruptcy Debtors Income Taxes

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

One of the pillars of a debtor’s fresh start is the anti-discrimination provisions of § 525 of the Bankruptcy Code, which codifies the U.S. Supreme Court’s decision in Perez v. Campbell. The Court held that two state statutes...more

3/18/2014 - Anti-Discrimination Policies Consumer Bankruptcy Debt Debtors FCC

“Let My People Go…to Delaware” - Paupers, Vagabonds and Fugitives from Justice Excepted

Originally published in the ABI Journal, Vol. XXXII, No. 2, March 2013. Delaware Local Bankruptcy Rule 9010-1 governs bar admissions and limits unfettered practice before its courts to those attorneys “admitted to practice...more

3/6/2013 - Bar Admission Discrimination Privileges and Immunities Pro Hac Vice Residency Status

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