Texas federal bankruptcy courts finally have surpassed others in the nation, including those in Delaware and New York, in terms of the cumulative debt they are administering in energy industry bankruptcies, according to a report issued by Dallas’ Haynes and Boone this week.
For Stephen Pezanosky, a bankruptcy partner in Haynes and Boone’s Fort Worth office, the news that Texas bankruptcy courts surged to the top of the ranks represents a redressing of unfair biases against his home state.
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