Practice Areas - Business Reorganization
- Bankruptcy
- Airline Reorganization
- Bankruptcy and Insolvency Litigation
- Chapter 11 Trustee and Examiner
- Creditors Committee and Equity Committee
- Debtors and Debtors-in-Possession
| - Energy and Petrochemical Industry
- Financial Institutions and Insurance Finance
- Indenture Trustees, Successor Trustees and Secured Creditors
- Loan Workouts and Bankruptcies
- Real Estate Finance
- Restructuring, Workouts, and Recapitalizations
- Unsecured Creditor
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| Contact Info | Telephone: 817-347-6610
Fax: 817-348-2300
http://www.haynesboone.com/john_penn/
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| University | Baylor University, B.B.A., 1981 |
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| Law School | Baylor University, J.D., 1982 |
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| Admitted | 1982, Texas; 1983, U.S. District Court, Northern District of Texas; 1984, U.S. Court of Appeals, Fifth Circuit; 1987, U.S. District Court, Western District of Texas; 1989, U.S. District Court, Eastern and Southern Districts of Texas; 1994, U.S. Supreme Court |
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| Born | Ada, Oklahoma |
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| ISLN | 904511688 |
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| Transactions | Midland Loan Services Inc., the servicer for $825 million in mortgage debt, in its opposition to a bid by Innkeepers USA Trust to enter into a plan support agreement regarding a debt-for-equity swap with Lehman Brothers Holdings Inc.'s subsidiary, Lehman ALI, Inc. and Apollo Investment Corporation. American Bank of Texas in Lewis Equipment Company, Inc. case; Lewis owns, rents and operates a variety of cranes used in a wide variety of construction projects around the USA. Represents The Bombay Company, Inc. in its Chapter 11 case. Represented Creditors' Committee in National Benevolent Association, a not-for-profit corporation that owns and operates senior living facilities and facilities for developmentally disabled adults and juveniles. NBA is one of the largest not-for-profit corporations ever to seek Chapter 11 relief. Kitty Hawk, Inc., the nation's largest non-integrated overnight cargo carrier that was successfully reorganized under Chapter 11. Cummins Utility, LP, a large utility supply company. The Trustee for the oldest airline in the United States (and perhaps the world) where the company was sold and airline continues flying. The lender to a manufacturer of meals for military and survival uses where the debt was restructured for a short-term repayment and subordination attempt by the creditors committee was defeated. The lender to an oil "wildcatter" where a plan resolving a "lender liability" lawsuit was confirmed over the debtor's vigorous objections. Defendants in bankruptcy litigation (including preferences, fraudulent transfers and equitable subordination) where cases were compromised at substantial discounts (including "cost of defense" settlements). |
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Documents by this lawyer on Martindale.com | |
Can Secured Creditors Credit Bid in Chapter 11 Plans? Supreme Court to DecideLawrence Mittman,John D. Penn, February 2, 2012 The issue is whether a Chapter 11 plan can be crammed down over the secured lender’s objection where the plan provides for the sale or transfer of the secured lender’s collateral with the proceeds going to the secured lender without the secured lender having the right to credit bid for... |
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