Houston principal Hugh Ray discusses the rise in Houston’s energy-related bankruptcies in a recent article published by the Houston Business Journal titled, "Houston Bankruptcy Law Firm Beef Up to Handle Uptick of Energy Bankruptcies." The article notes that "Texas bankruptcy courts have handled 82 of the 157 energy-related bankruptcies since the beginning of 2015,” which “equates to 52 percent of the $65.89 billion worth of bankruptcies filed in this cycle.” In discussing why Houston has become a hub for bankruptcy filing, Hugh explained “some of the companies headquartered around the country would come here because oil and gas is a specialized business and if you have judges familiar with the terminology, you’re like to get a more fair and quicker result.” You can read the full report here.
