With the price of oil currently at lows not seen since 2009, many people are worried about the negative effect this new normal could have on the Texas economy.
In light of this dramatic game changer, Texas Lawyer emailed questions to Lydia Protopapas, a longtime bankruptcy attorney and partner with Winston & Strawn, to share her perspective about whether today’s volatility in oil and gas prices will translate into more bankruptcy cases being filed in Texas in the coming days. The following has been edited for length and style.
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