Stephen A. McCartin
Of Counsel
Steve McCartin has an extensive and comprehensive national bankruptcy practice, representing secured lenders, debtors, trustees, and creditors’ committees, with an emphasis on representing debtors in large corporate reorganizations. In addition, he counsels clients on out-of-court workouts, turnarounds, and the acquisition and sale of distressed assets. Steve is highly regarded for his business-oriented approach and 35-plus years of experience throughout the United States. His representative clients and matters are varied, spanning multiple industries, subject areas, and business issues.
Representative Experience
- Represented Preferred Care, Inc. and its affiliated owners of 108 skilled nursing facilities located in 12 states in both bankruptcy and out-of-court workout proceedings.
- Represented American Housing Foundation and its affiliated owners of 65 apartment complexes located in seven states.
- Represented approximately 4,000 Trammell Crow Company single purpose real estate partnerships with aggregate indebtedness of US $2bn in both bankruptcy and out-of-court workout proceedings.
- Represented Dallas Market Center, the owner of the largest wholesale trademark in the world, in its out of court restructuring.
- Represented William Herbert Hunt (one of the “Hunt Brothers”) and his domestic and foreign affiliates in one of the largest individual bankruptcy proceedings in the United States.
- Represented the Official Unsecured Creditors’ Committee in Greyhound Line Inc.’s national bus line bankruptcy proceeding.
- Represented Linens-N-Things as corporate counsel in one of the largest retail and cross-border bankruptcies in the United States and Canada.
- Represented Eagle Geophysical, Inc. and 16 of its domestic and foreign affiliates in one of the largest offshore seismic data bankruptcy proceedings.
- Represented MJ Designs and its affiliated owners of 55 arts and craft retail stores located in eight states, in their Chapter 11 bankruptcy proceedings.
- Represented the Official Unsecured Creditors’ Committee in the TXCO Resources, Inc. bankruptcy proceeding; TXCO, a publicly traded E & P company, conducted a §363 sale of 1 million gross acres in the Eagle Ford Formation.
- Represented the Official Unsecured Creditors’ Committee of AMRE, Inc., a publicly traded company that served as exclusive licensee of Sears for home remodeling throughout the United States.
- Represented Sfuzzi Inc. and its affiliated owners of 21 upscale Italian restaurants located in 12 states in their Chapter 11 bankruptcy proceedings.
Awards and Recognition
- The Best Lawyers in America© in the fields of:
- Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2008-2024)
- Litigation – Bankruptcy (2011-2024)
- IFLR1000
- Financial Restructuring (2018)
- Chambers USA: America’s Leading Lawyers for Business (Tom Wicker ed., Chambers & Partners)
- Bankruptcy/Restructuring [Texas] (2011, 2014-2017)
- Texas Super Lawyers®, a Thomson Reuters business, as published in Texas Super Lawyers Magazine
- Bankruptcy & Creditor/Debtor Rights (2005-2007, 2011-2017)
- Peer Review Rated as AV Preeminent®, the highest performance rating in the Martindale-Hubbell® Peer Review Ratings™ system
Affiliations
- Member of the State Bar of Texas
- Member of the American Bar Association
- Member of the Dallas Bar Association
- Member of the American Bankruptcy Institute
Foley Attorneys Recognized in 2024 Best Lawyers in America
Foley & Lardner LLP proudly announced today that 236 of the firm’s attorneys across 20 U.S. offices have received recognition in the 2024 edition of The Best Lawyers in America©.
Foley Attorneys Recognized in 2023 Best Lawyers in America
Foley & Lardner LLP proudly announced that 250 of our attorneys across 20 offices have received recognition in the 2023 edition of The Best Lawyers in America.
Foley Attorneys Recognized in 2022 Best Lawyers in America
Foley & Lardner LLP announced today that 236 of the firm’s attorneys from 18 U.S. offices have been recognized in the 2022 edition of The Best Lawyers in America©, and 46 lawyers from 13 offices were included in the Best Lawyers: Ones to Watch list. Additionally, 14 of the firm’s attorneys received the special designation of “Lawyer of the Year,” an honor earned by only one lawyer in each practice area and metropolitan region.
SBA Change of Control Guidance Does Not Work for Insolvent PPP Borrowers
This article focuses on the recent “change of control” guidance issued by the SBA to its PPP lenders and, more specifically, how that Guidance affects insolvent PPP borrowers when they need to sell assets.
Foley Attorneys Recognized in The Best Lawyers in America 2021 List
Foley & Lardner LLP announced today that 20 of its attorneys earned Best Lawyers 2021 “Lawyer of the Year” recognition in their respective practice areas. In addition, 243 of the firm’s attorneys from 18 offices have been listed in The Best Lawyers in America 2021. Another 51 of the firm’s attorneys from 14 offices have been named to the new category of Best Lawyers: Ones to Watch, which recognizes associates and other lawyers who are earlier in their careers for their outstanding professional excellence in private practice.
Coronavirus Business Survival Guide: Can Filing Bankruptcy get my Business through this Crisis?
A Chapter 11 bankruptcy is a significant and often times expensive business tool and, accordingly, should only be used as a last resort. However, to manage and preserve sufficient liquidity to survive this crisis, a bankruptcy filing may be the best option available.