Thomas Charles Scannell
Partner
Thomas Scannell is a partner in Foley & Lardner’s Dallas office. Tom is a member of the Financial Restructuring and Reorganization Practice. Since his licensure, he has devoted his practice to helping clients solve complex problems with distressed commercial assets. Tom’s practice focuses on the restructuring of companies in and out of bankruptcy, debtors’ rights, committee representation, trustee representation, creditors’ rights, landlord’s rights, and representing debtor-in-possession financers. Tom counsels his clients on out-of-court workouts, turnarounds, wind downs, and the acquisition and divestiture of distressed assets. Tom regularly represents a broad spectrum of firm clients in a wide range of insolvency-based litigation, including Chapter 5 causes of action, lender liability litigation, and receivership proceedings. Tom enjoys counseling clients on navigating intricate insolvency issues in structuring complex commercial transactions, including the avoidance of fraudulent transfers, preparing bankruptcy remote special purpose entities, and the defense of true sale credit facilities.
As a part of Tom’s creditors’ rights practice, he has continually represented secured creditors with lien enforcement and debt recoupment matters in the distressed real estate market. Specifically, for the last 15+ years he has represented bank and non-bank lenders and special servicers in the multifamily, industrial, retail, healthcare, agriculture, hospitality, and construction industries with non-judicial foreclosure, judicial foreclosure, chapter 11 bankruptcy, and collateral-based litigation. Thomas has foreclosed on hundreds of commercial properties, including apartment complexes, cattle ranches, agriculture farms, raw land, construction projects, hotels, healthcare facilities, and related real property collateral.
Repräsentative Erfahrung
- Counsel to Higher Ground Education, Inc., joint chapter 11 debtor (Bankr. N.D. Tex.).
- Counsel to PBREIA, LLC, chapter 11 debtor (Bankr. N.D. Tex.).
- Counsel to ValuePart, Incorporated, chapter 11 debtor (Bankr. N.D. Tex.).
- Counsel to Spherature Investments, LLC, joint chapter 11 debtor (Bankr. E.D. Tex.).
- Counsel to Chisholm Oil & Gas Operating, LLC, reorganized debtor (Bankr. D. Del.).
- Counsel to Reagor-Dykes Motors, LP, joint chapter 11 debtor (Bankr. N.D. Tex.).
- Counsel to Team Express Distributing, LLC, chapter 11 debtor (Bankr. W.D. Tex.).
- Counsel to BFN Operations LLC, joint chapter 11 debtor (Bankr. N.D. Tex.).
- Counsel to Ascent Group, LLC, chapter 11 debtor (Bankr. N.D. Tex.).
- Counsel to the Official Committee of Unsecured Creditors of Northwest Senior Housing Corporation (Bankr. N.D. Tex.).
- Counsel to the Official Committee of Unsecured Creditors of Midstates Supply Company (Bankr. W.D. Mo.).
- Counsel to the Official Committee of Unsecured Creditors of CCNG Energy Partners, LP (Bankr. W.D. Tex.).
- Counsel to the Official Committee of Unsecured Creditors of AIX Energy, Inc. (Bankr. N.D. Tex.).
- Counsel to the Official Committee of Equity Security Holders of Eastern 1996D, LP (Bankr. N.D. Tex.).
- Counsel to the Ad Hoc Committee of Limited Partners of Royalty Partners, LLC (Bankr. S.D. Tex.).
- Counsel to AgAmerica Lending, senior secured lender to Binion Creek Reserves, LLC (Bankr. W.D. Tex.); Brazos Valley, LLC (N.D. Tex.).
- Counsel to Romspen Investment Corporation, senior secured lender to Longhorn Junction Land and Cattle Company, LLC (Bankr. W.D. Tex.); 3443 Zen Garden, L.P. (Bankr. W.D. Tex.); Oakview Farms, LLC (Bankr. S.D. Tex.).
- Counsel to Sabra Health Care REIT, Inc., senior secured lender to Senior Care Centers, LLC (Bankr. N.D. Tex.); Nexion Health (Bankr. N.D. Tex.); Forest Park Medical Centers (Bankr. N.D. Tex.; Bankr. E.D. Tex.).
- Counsel to Fannie Mae, senior secured creditor to TerraVista Partners – Hidden Village, Ltd. (Bankr. W.D. Tex.); APEX Legacy TX (Bankr. E.D. Tex.); 2015 Park Street, LP (Bankr. S.D. Tex.).
- Counsel to PlainsCapital Bank, secured creditor to Vista Proppants and Logistics, LLC, et al. (Bankr. N.D. Tex.); Erath Iron and Metal, Inc., et al. (Bankr. N.D. Tex.).
- Counsel to Situs AMC, special servicer to pair of distressed multifamily properties in San Antonio, Texas.
- Counsel to BMO Bank, N.A., senior secured lender to portfolio of distressed multifamily properties located in numerous counties in Texas.
- Counsel to Northeast Bank, senior secured lender to distressed multifamily property in Abilene Townhomes and Condos, Inc. (Bankr. N.D. Tex.).
- Counsel to Greystone, senior secured lender to portfolio of distressed skilled nursing facilities located in numerous counties in Texas (N.D. Tex.).
- Counsel to Cypress Point Holdings, LLC, secured lender to SilverRock Development Corporation (Bankr. D. Del.).
- Counsel to Dr. Cadavid, Dr. Olhava and group of creditor physicians to Steward Health Care System LLC (Bankr. S.D. Tex.).
High Profile Decisions
- Jinil Steel Company, Limited v. Valuepart, Incorporated (In re Valuepart, Incorporated), No. 19-10461 (5th Cir. March 20, 2020), cert. denied (U.S. Sept. 23, 2020) (No. 20-175).
- Principal Life Insurance Company v. Revalen Development LLC, 358 S.W.3d 451 (Texas App.–Dallas 2012, Rev. Denied).
- Comerica Bank v. Rawlings, No. 12-03050, 2012 Lexis 0234 (Bankr. N.D. Tex. (October 1, 2012).
Auszeichnungen und Anerkennungen
- Best Lawyers in Dallas, D Magazine (2020, 2023, 2024, 2025)
- Best Lawyers Under 40, D Magazine (2018, 2019, 2020)
- Super Lawyers by Super Lawyers®, a Thomson Reuters business, as published in Texas Super Lawyers Magazine – Bankruptcy (2024, 2025)
- Texas Rising Star by Super Lawyers®, a Thomson Reuters business, as published in Texas Super Lawyers Magazine – Bankruptcy (2017, 2018, 2019, 2020, 2021, 2022, 2023)
- Top 100 designation (2021, 2022, 2023)
- Winner, Atlas Turnaround Awards – Corporate Turnaround of the Year (2018)
- Recognized, The M&A Advisor, 12th Annual Turnaround Awards – Chapter 11 Reorganization of the Year (Over $25MM to $100MM) (2017)
- The Honorable John C. Ford American Inn of Court – Advanced Restructuring Course Top 5 Finalist for “Rookie of the Year” (Fall 2010 semester)
Zugehörigkeiten
- Member, The Honorable John C. Ford American Inn of Court (2019–present)
- Mitglied der State Bar of Texas
- Mitglied der Anwaltskammer von Dallas
- Member, Bankruptcy and Commercial Law Section
- Member, Real Property Law Section
- Member, Dallas Association of Young Lawyers
- Member, Dallas/Fort Worth Association of Young Bankruptcy Lawyers
- President (2014)
Engagement für die Gemeinschaft
- Volunteer, Dallas Bar Association Home Project (Habitat for Humanity)
- Volunteer, Dallas Volunteer Attorney Program, South Clinic
Präsentationen und Veröffentlichungen
- Panelist speaker, 2018 Northern District of Texas, U.S. Bankruptcy Court Bench Bar Conference – 2018 Case Law Update