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Timothy Bow is a restructuring associate in the Chicago office of Bryan Cave Leighton Paisner LLP. Tim represents debtors, creditors, equityholders, and other stakeholders in all aspects of corporate restructuring, bankruptcy, corporate liability management, and insolvency proceedings. 

Tim has represented clients in a variety of industries, including energy, retail, software, manufacturing, and automotive. He has particular expertise representing large, corporate debtors in complex chapter 11 matters. Tim regularly advises clients on corporate governance issues facing financially distressed companies, including liability management strategies and fiduciary duties.

Prior to joining Bryan Cave Leighton Paisner LLP, Tim was a restructuring associate at a leading international law firm, representing corporate debtors in cases throughout the country.

Practices

Civic Involvement & Honors

    • The Best Lawyers in America: Ones to Watch, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, 2021
    • American College of Bankruptcy, Distinguished Law Student for the Eleventh Circuit, 2013
    • American College of Bankruptcy, Distinguished Law Student for the Eleventh Circuit, 2013
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Representative Experience

  • Represented an ad hoc group of senior secured creditors in an out of court restructuring of an international enterprise.
  • Represented a fulcrum creditor holding term loans and seller notes in the prepackaged chapter 11 cases of a natural gas exploration and production company.
  • Represented a luxury department store in its out of court recapitalization transaction.
  • Represented a leading supplier of undercar replacement parts in the automotive aftermarket, in a successful out of court restructuring transaction that reduced its debt through a consensual equitization of $125 million of junior debt and a $40 million capital infusion from the company’s equity sponsors and lenders.
  • Represented Vanguard Natural Resources Inc. and its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of Texas. Vanguard is an independent exploration and production company focused on oil and natural gas properties in the United States with operations in the Gulf Coast, Permian, and Anadarko Basins. Vanguard had approximately $850 million in debt at the time of filing and obtained a $130 million debtor-in-possession financing facility, which included $65 million in new money.
  • Represented Westmoreland Coal Company and certain of its affiliates (collectively, “Westmoreland”) in their Chapter 11 proceedings before the U.S. Bankruptcy Court for the Southern District of Texas. Westmoreland was the sixth largest North American coal producer, maintaining domestic coal operations in Montana, Wyoming, North Dakota, Texas, New Mexico, and Ohio, and Canadian coal operations in Alberta and Saskatchewan, and is headquartered in Englewood, Colorado. At the time the cases were filed, Westmoreland had funded debt of approximately $1.4 billion. Westmoreland pursued a sale of its mining operations and commenced its Chapter 11 cases with a restructuring support agreement with a majority of its lenders.
  • Represented PaperWorks Industries, Inc. in its successful refinancing and out of court restructuring of approximately $387 million of funded debt. Pursuant to the consensual restructuring, PaperWorks reduced its long-term debt by approximately $275 million through a repayment of its revolving credit facility and an exchange of secured notes for new debt and common stock. In addition, the company obtained a new $115 million credit facility (including $70 million of new capital).
  • Represented GST Autoleather, Inc., a supplier of leather upholstery to nearly every major automaker, in its Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. The Company obtained a $40 million debtor-in-possession facility from its senior secured lenders, the proceeds of which were used to fund ongoing business operations while pursuing a court-supervised going concern sale. GST had operations in North America, China, South Korea, Europe, and South Africa.
  • Represented Armstrong Energy, Inc. and certain of its affiliates, producers, and marketers of thermal coal in the Illinois Basin, in their Chapter 11 proceedings before the U.S. Bankruptcy Court for the Eastern District of Missouri. At the time the cases were filed, Armstrong had funded debt of approximately $200 million of senior secured notes. Armstrong and its affiliates commenced their Chapter 11 cases with a restructuring support agreement and Chapter 11 plan that had the support of a substantial portion of their secured noteholders, primary mineral rights provider, and equity sponsor, as well as a contemplated investor for purposes of consummating the plan.
  • Represented an aerospace parts manufacturer in its successful refinancing and out of court restructuring of approximately $1.9 billion of funded debt. Pursuant to the consensual restructuring, the company obtained a significant new money investment, its senior credit facilities were refinanced in full, and over 90 percent of its unsecured notes were exchanged for new convertible preferred equity.
  • Represented The Gymboree Corporation and certain of its affiliates in connection with their prearranged Chapter 11 cases in the U.S. Bankruptcy Court for the Eastern District of Virginia. Gymboree is one of the largest children’s apparel specialty retailers in North America, with widely recognized brands — Gymboree, Janie and Jack, and Crazy 8 — and approximately 1,300 stores worldwide. Gymboree confirmed a Chapter 11 plan that restructured over $1.1 billion of debt.
  • Represented Samson Resources Corporation in its Chapter 11 restructuring in the U.S. Bankruptcy Court for the District of Delaware. Samson, a leading onshore oil and gas exploration and production company with headquarters in Tulsa, Oklahoma, held oil and gas assets in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming. In Chapter 11, Samson completed six simultaneous asset sales, with an aggregate purchase price of $650 million, and negotiated a global settlement with its major stakeholders. Samson’s plan of reorganization deleveraged its balance sheet by approximately $4 billion.
  • Represented the largest U.S. manufacturer of above-ground storage and processing tanks for the oil and natural gas exploration and production industry, in connection with its stakeholder negotiations and successful out of court recapitalization.
  • Represented Ultra Petroleum Corp—a publicly-traded, independent oil and natural gas exploration and production company—in its Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of Texas.
  • Represented Emerald Oil, Inc., a Denver-based independent exploration and production company focused on acquiring acreage and developing wells in North Dakota and Montana, in its Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.

Publications

  • “Dischargeability of Fines Imposed In Connection with Attorney Discipline”, BBA Journal, 2014.
  • “Structured Dismissals”, ABI Southeastern Bankruptcy Workshop, Jul. 24-27, 2014.
  • “Novel Issues Toward the End of Ponzi Schemes”, ABI Rocky Mountain Conference, Jan. 15-16, 2013.
  • “Involuntary Petitions – Bad-Faith Motives and High Risks”, ABI Journal, August 2012.

Speaking Engagements

  • Tweeting Trouble for Small Business Debtor: Who Owns the Social Media, ABA Business Law Section, 2015 Business Bankruptcy Committee Fall Meeting, Small Business Subcommittee Meeting, September 2015.