Charles M. Persons

Charles M. Persons

Counsel
Location:
New York, New York
Phone:
212-201-6562
Fax:
212-967-4258
Email:

Charles Persons' practice is focused on debtor and creditor representations in complex chapter 11 cases, out-of-court reorganizations and refinancings, distressed acquisitions, debtor-in-possession financing, and a variety of bankruptcy litigation matters, including appellate litigation.  Mr. Persons led teams in the chapter 11 debtor representations of Westinghouse Electric Company; Golfsmith International Holdings, Inc.; Texas Rangers Baseball Partners; Dallas Stars, L.P.; Endeavour International Corp.; Electrical Components International; and Azure Midstream Partners; as well as several public and private out-of-court restructurings, including The Brock Group, Inc.  Additionally, Mr. Persons led teams representing creditor groups in various distressed situations, including ad hoc secured lender groups in the chapter 11 cases of Energy & Exploration Partners and Magnum Hunter Resources, as well as the Unsecured Creditors Committee of SunEdison, Inc.  In addition to his experience with multinational restructurings in the retail, aviation, automobile, and manufacturing industries, Mr. Persons has considerable experience advising clients in the oil & gas industry on restructuring matters and has published several articles discussing the intersection of oil & gas law and restructuring law.

Representative Debtor Cases

  • Westinghouse Electric Company
  • AMR Corp. (American Airlines)
  • Chrysler LLP
  • The Brock Group, Inc.
  • SemGroup Holdings
  • Texas Rangers Baseball Partners
  • Dallas Stars L.P.
  • Blockbuster LLC
  • Azure Midstream Partners
  • Electrical Components International
  • Golfsmith International Holdings, Inc.
  • Halcón Resources Corp.
  • Endeavor International Corp.
  • Crescent Resources, LLC
  • Kaiser Aluminum Corp.
  • Dana Corporation

Representative Creditor Cases

  • SunEdison, Inc. (Unsecured Creditors Committee)
  • Energy & Exploration Partners (ad hoc secured lenders)
  • Magnum Hunter Resources (ad hoc secured lenders)
  • Cobalt International Energy (unsecured bondholders in debt-for-equity exchange)
  • Golden County Foods (equity sponsor Brazos Equity Partners)
  • Synagro Technologies (acquirer EQT Infrastructure Fund)
  • Reddy Ice Holdings (largest unsecured creditor)

Areas of Practice

  • Business Finance & Restructuring

Bar Admissions

  • Texas
  • U.S. Court of Appeals 6th Circuit
  • U.S. District Court Northern District of Texas
  • New York

Education

  • Indiana University School of Law, Bloomington, Indiana
    • J.D. cum laude - 2007
  • Cornell University
    • B.S. - 2002

Published Works

  • The Earmarking Doctrine: Borrowing From Peter to Pay Paul, 2009
  • Drilling Down: A Deeper Look into the Distressed Oil & Gas Industry – Part I, Pratt’s Energy Law Report, Vol. 15, No. 3 (March 2015) (providing an overview of the oil and gas industry downturn)
  • Drilling Down: A Deeper Look into the Distressed Oil & Gas Industry – Part II: The Treatment of Oil & Gas Interests in Bankruptcy, Pratt’s Energy Law Report, Vol. 15, No. 4 (April 2015) (providing an overview of the treatment of oil and gas interests in bankruptcy)
  • Drilling Down: A Deeper Look into the Distressed Oil & Gas Industry – Parts III and IV, Pratt’s Energy Law Report, Vol. 15, No. 5 (May 2015) (discussing the ability to assume and reject oil and gas leases in bankruptcy and open issues in offshore oil and gas restructurings)
  • Equitable Mootness on Life Support: The Third Circuit Further Pares Back the Abstention Doctrine in One2One Communications, Weil Bankruptcy Blog (August 3, 2015)
  • Momentous Decision in Momentive Performance Materials: Subordination is as Subordination Does, Weil Bankruptcy Blog (Sept. 11, 2014)
  • How a Single Asset Real Estate Bankruptcy in Georgia Led to One of the Code’s Most Misunderstood Provisions—the Pine Gate Case Revisited, Parts I and II, Weil Bankruptcy Blog (May 15, 2014 and May 22, 2014)
  • Could the U.S. Postal Service File for Bankruptcy? The Answer Is in the Mail., Weil Bankruptcy Blog (April 11, 2013)

Honors and Awards

  • Texas “Rising Star” in Bankruptcy, Super Lawyers: 2014, 2015, 2016, 2017

Past Employment Positions

  • Weil, Gotshal & Manges LLP, Senior Associate
  • Jones Day, Associate