Forbes Energy Services

Representation of Forbes Energy Services as lead counsel in its chapter 11 case in the Southern District of Texas. The debtor is an independent oilfield services contractor located in Texas with over $330 million of debt. Prior to the chapter 11 filing in Houston, the firm negotiated a restructuring with the bondholders where all their debt was converted to new equity, as well as providing new employment and management incentive contracts for management. A prepackaged plan was confirmed.