Going through a corporate restructuring is a trying time in the life of a business. It is intensely personal, not only for the debtor’s owners and employees but also the creditors and vendors with which it does business. One of the most important parts of my job is helping clients look beyond the personal aspects of a case and make smart business decisions to successfully navigate the bankruptcy process and get back on track after the case is over.
A compassionate advisor with deep experience handling every aspect of the bankruptcy process, Lydia Webb focuses her practice on representing and advising debtors, creditors, committees and post-confirmation trustees in bankruptcy cases and other insolvency or restructuring scenarios. She has guided clients to successful results in complex cases before courts throughout Texas and many other states, including Oklahoma, Delaware and New York.
With cases spanning several industries – oil and gas, healthcare, retail, manufacturing, restaurants plus many more – Lydia understands there’s no one-size-fits-all solution in every bankruptcy case. She always focuses on gaining a strong grasp of the industry-specific regulations and issues that will have a big impact on the outcome of the bankruptcy. This tailored approach helps Lydia navigate the various challenges that arise along the way and ensure that her client achieves its unique goals in resolving the case.
Representative Experience Energy & Related Sectors
- Paradox Resources LLC (natural gas exploration company): Counsel to Official Committee of Unsecured Creditors
- Cleveland Integrity Services, Inc. (pipeline inspection company): Counsel to the Debtors
- US Realm Powder River, LLC (natural gas exploration company): Counsel to Thunder Creek Gas Services, L.L.C., a significant midstream counterparty
- Chesapeake Energy Corporation, et al. (natural gas exploration company): Counsel to Jackalope Gas Gathering Services, L.L.C. and Stagecoach Pipeline & Storage Company, LLC, significant midstream counterparties
- Whiting Petroleum Corporation, et al. (US-based independent oil and gas company focused primarily on the Rocky Mountains): Co-counsel to the Official Committee of Unsecured Creditors
- Sanchez Energy Corporation, et al. (independent oil and gas exploration company in the US): Counsel to Western Midstream
- Lockwood Holdings, Inc., et al. (international supplier of pipe, valves, fittings, and flanges to the oil and gas industry): Counsel to the Debtors
- Buzzards Bench, LLC, et al. (owner and operator of natural gas wells and processing plant): Counsel to the Debtors
- Rockies Region 2006 Limited Partnership, et al. (petroleum and natural gas company): Counsel to the Debtors
- Vanguard Natural Resources, LLC (US onshore energy company): Counsel to Encana Oil & Gas (USA) Inc. Coordinated Encana's opposition to Vanguard's motion to reject Encana's farmout agreement with focus on state law oil and gas issues and novel issues of bankruptcy law.
- Colorado 2002B Limited Partnership, et al., (oil and gas partnership): Counsel to the Debtors
- EmKey Companies, LLC (company focused on the acquisition, production, exploration, and development of midstream assets and upstream oil and natural gas properties primarily within New Mexico, New York and Wyoming): Counsel to Official Committee of Unsecured Creditors
- Quicksilver Resources, Inc. (independent oil and natural gas company): Counsel Crestwood Equity Partners, a midstream service provider, and coordinated Crestwood’s opposition to Quicksilver’s motion to reject Crestwood gas gathering and processing agreements with focus on state law oil and gas issues
- ITS Engineered Systems, Inc. (oil and gas service provider): Counsel to the Debtor
- John P. Madden, Trustee for the GMX Resources Creditor Trust vs. Multiple Fraudulent Conveyance Defendants: Counsel to post-confirmation trustee in fraudulent conveyance litigation against preferred shareholders
- GMX Resources Inc. (independent oil and natural gas company): Counsel to the Official Committee of Unsecured Creditors
- Eastern 1996D Limited Partnership, et al. (oil and gas partnership): Counsel to the Debtors
Financial
- Cottonwood Financial Ltd., et al (retail consumer finance company): Counsel to the Debtors
Retail
- Neiman Marcus LTD LLC, et al. (leading retailer of luxury goods): Co-counsel to the Prepetition ABL Agent
​Restaurant/Food
- Hooters of America, LLC (owner, operator and franchisor of restaurants with approx. 305 locations worldwide): Counsel to ad hoc secured lender group
- Fresh Acquisitions, LLC, et al. (operator of Furr’s Fresh Buffet®, Old Country Buffet®, Tahoe Joe’s Famous Steakhouse® and other restaurants with approx. 70 locations across 27 states): Counsel to the Debtors
- CiCi’s Holdings, Inc., et al. (owner, operator, and franchisor of restaurants with approx. 318 locations across 26 states): Counsel to the Debtors
- Vasari LLC (Dairy Queen franchisee): Counsel to the Official Committee of Unsecured Creditors
Media/Communications/Technology
- Sandvine Corporation (network and application quality of experience company): Co-counsel to Chapter 15 Foreign Representative
- Core Scientific, Inc. (Bitcoin mining company): Co-counsel to Official Committee of Unsecured Creditors
- Marshall Broadcasting Group, Inc. (operator of three Fox-affiliated television stations): Co-counsel to the Debtor
Transportation & Related Sectors
- Tommy’s Fort Worth, LLC (wake and ski boat dealership network): Counsel to Chapter 11 Trustee
- PHI Inc., et al. (commercial helicopter operator): Co-counsel to the Official Equity Committee
- Fenton Motors of Dallas, et al. (automobile dealership owner): Counsel to the Receiver
- Baytown Navigation/Omega Navigation Enterprises, Inc. et al. (marine transportation services): Co-counsel to Agent Bank under Senior Secured Credit Facility
Healthcare & Related Sectors
- Athenex Inc. (injectable pharmaceutical company): Counsel to Sagent Pharmaceuticals, purchase of substantially all Debtors’ pharmaceutical assets
- Tehum Care Services, Inc. (prison healthcare provider): Counsel to the Debtor
- Life Partners, Inc., et al. (life settlement provider): Counsel to Vida Capital, Inc. - named the 2017 Turnaround of the Year (large company) by the Turnaround Management Association
- Walker County Hospital Corporation (not-for-profit community hospital): Co-counsel to the Official Committee of Unsecured Creditors
Honors
- Named a Best Lawyer Under 40 by D Magazine (2023)
- Selected as a Best Lawyer in Dallas by D Magazine (2023 - 2025)
- Named to the American Bankruptcy Institute’s “40 Under 40” (2021)
- Selected by her peers for inclusion in The Best Lawyers in America in the fields of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2021 - 2025) and Bankruptcy Litigation (2022 - 2025)
- Selected to participate in the National Conference of Bankruptcy Judges Next Generation program (2019)
- Named a Rising Star by Texas Super Lawyers (a Thomson Reuters company) as published in Texas Monthly and Texas Super Lawyers magazines (2018 - 2024)
Organizational Involvement Professional Involvement, Memberships & Affiliations
- DFW Association of Young Bankruptcy Lawyers, Social Chair
- Dallas Bar Association
- American Bankruptcy Institute
- The Hon. John C. Ford American Inn of Court
- International Women's Insolvency & Restructuring Confederation
- Gray Reed Women's Forum Chair
Community Involvement, Memberships & Affiliations
- Broadway Dallas, Advisory Board
- Park Cities Baptist Church
When I Feel Most At Home
- Spending time with my husband Brandon, son Jack and daughter Caroline at the family ranch outside of Junction, Texas
- Trying out new restaurants and exploring my favorites spots in East Dallas
- Cheering on my favorite teams – the San Antonio Spurs and the Baylor Bears
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