John J. Sparacino
Partner
John dedicates the majority of his practice to bankruptcy and related matters including bankruptcy litigation, receiverships and out-of-court restructurings throughout the United States. As such, a portion of John’s practice is transaction-based, and further includes commercial litigation. John represents individual creditors (both secured and unsecured), ad hoc creditors’ committees, statutory creditors’ committees, equity security holders, companies reorganizing under Chapter 11, DIP lenders and purchasers of distressed assets and companies. John’s experience includes the representation of purchasers and sellers of assets, claims and equity interests in distressed and special situations in connection with both strategic and financial investments. A sizeable portion of John's practice also involves the representation of indenture trustees in connection with all types of bond debt transactions, including new issuances, tender offers, exchange offers, redemptions, amendments, work-outs and bankruptcies.
Representative Experience
- North Pacific Group, Inc. (Federal Receivership case), representation of acquiror of substantial portion of assets (District of Oregon)
- Baseline Oil & Gas, representation of indenture trustee (Southern District of Texas)
- Transmeridian Exploration Incorporated, representation of indenture trustee (Southern District of Texas)
- CalTex Holdings, L.P., representation of senior secured lender (Southern District of Texas)
- Superior Offshore International, Inc., representation of equity committee (Southern District of Texas)
- Global Power Equipment Group, representation of significant creditor (District of Delaware)
- Crown Pacific Partners, L.P., representation of debtors (District of Arizona)
- Global Motorsport Group, Inc., representation of unsecured creditors' committee (District of Delaware)
- Friede Goldman Halter, Inc., representation of debtors (Southern District of Mississippi)
- Transcoastal Marine Services, et al., representation of secured lender (Southern District of Texas)
- Costilla Energy, representation of secured bank group (Western District of Texas)
- Southern Mineral Corporation, representation of unsecured creditors’ committee (Southern District of Texas)
- Drypers Corporation, representation of unsecured creditors’ committee (Southern District of Texas)
- American Rice, Inc., representation of ad hoc bondholders’ committee and post-reorganization debtor (Southern District of Texas)
Publications
- Payments by Enron are "Settlement Payments" under the Bankruptcy Code's Safe Harbor Provisions (July 18, 2011)
- Texas Enacts the Texas Assignment of Rents Act (July 14, 2011)
- District Court Overturns the TOUSA Fraudulent Transfer Ruling The Banking Law Journal (March 2, 2011)
- "Overview of Recent Bankruptcy Code Amendments" (December 2, 2005)
- "Overview of New Provisions on Sale of Personally Identifiable Information" ABI Asset Sales Committee E-newsletter, Vol. 2, No. 2 (July 1, 2005)
Events
Co-presenter
- "The Bankruptcy Abuse Prevention & Consumer Protection Act of 2005," to the State Bankers Association (June 21, 2005)
- "Subprime Primer," to Moller/Foltz, American Inns of Court (October 16, 2007)
- "Subprime Primer," to Houston Association of Debtor Attorneys (January 18, 2008)
Professional Recognition
- Profiled as one of “Texas’ Top Rated Lawyers” by ALM in Bankruptcy (2012)
