C. Ashley Ellis

Special Counsel

Overview

Bankruptcy attorney Ashley Ellis represents corporate entities in complex reorganization proceedings. She has considerable experience in negotiating and drafting plans of reorganization and corresponding disclosure statements in Chapter 11 cases involving numerous related entities. Ashley is well-versed in structuring informal workouts for troubled companies, and she has also engaged in major litigation arising under the Bankruptcy Code and served as Chapter 11 attorney on multiple reorganizations.

Representative Matters

Reagor-Dykes Motors, LP and related affiliates: Represents eleven affiliated Debtors, who historically operated a consolidated group of one of the largest new and pre-owned car dealerships comprised of thirteen locations in West Texas and the surrounding areas, in large and complex jointly-administered Chapter 11 cases pending in the Northern District of Texas, Lubbock Division with confirmation set for May 2020.

American HomePatient, Inc.: represented Debtor, a publicly-held company based in Brentwood, Tennessee, that specialized in providing home healthcare services and products with more than 280 affiliates and subsidiaries in 35 states, and twenty-four of its subsidiaries, in the successful confirmation of a “cramdown” plan of secured lenders holding over $275 million in debt, setting precedent for “cramdown” interest rates in Chapter 11 cases. Reported decisions include: Bank of Montreal v. Am. Homepatient, Inc., 309 B.R. 738, 740 (M.D. Tenn. 2004), aff'd sub nom. In re Am. HomePatient, Inc., 414 F.3d 614 (6th Cir. 2005); In re Am. HomePatient, Inc., 298 B.R. 152 (Bankr. M.D. Tenn. 2003), subsequently aff'd, 420 F.3d 559 (6th Cir. 2005); In re Am. HomePatient, Inc., 301 B.R. 713, 716 (Bankr. M.D. Tenn. 2003).

KLN Steel Products Company, LLC, and AGS Enterprises, Inc.: Represented Debtors, manufacturers of metal dormitory furniture for military bases and universities across the United States, in bankruptcy proceedings resulting in settlement of FCA claim of over $100 million and confirmation of a plan of reorganization.

Hallwood Energy, LP: Represented largest secured creditor holding over $100 million in debt in confirmation of a creditor’s74 plan and formation of multiple litigation trusts; active team member in successful litigation against various parties including recovery of a twenty plus million dollar judgment against the parent company for breach of contract, fraud, and tortious interference with contract. The bankruptcy court’s judgment was affirmed by both the District Court and the Fifth Circuit in In re Hallwood Energy L.P., 520 F. App'x 257 (5th Cir. 2013).

Nu-kote International, Inc.: represented Debtor and affiliates, manufacturers of after-market printer cartridges, in what was, at the time, the largest Chapter 11 bankruptcy case ever filed in the Middle District of Tennessee; served as integral part of the team that successfully negotiated and confirmed a plan of reorganization that facilitated the sale of the business to a strategic buyer.

Tristream Energy, LLC: represented Debtor, a subsidiary of Tristream Energy, LLC and a midstream energy company focused on providing natural gas transmission, gathering, compression and processing services to producers in East Texas, through successful emergence from Chapter 11 via a consensual structured dismissal.

Cornerstone Products, Inc.: Represented the Debtor, a leading designer and manufacturer of plastic container products; second chair in the successful confirmation of a liquidating plan. Reported decisions include: In re Cornerstone Prod., Inc., 416 B.R. 591 (Bankr. E.D. Tex. 2008); In re Cornerstone Prod., Inc., No. 05-53533, 2007 WL 4298745 (Bankr. E.D. Tex. Dec. 5, 2007), judgment corrected, No. 05-43533, 2008 WL 906268 (Bankr. E.D. Tex. Mar. 31, 2008).

The Gardens of Grapevine Development: Represented the Debtor, the owner of the largest undeveloped real estate tract in the City of Grapevine, Texas; second chair in the successful confirmation of a plan of reorganization.

Marketing Specialists, Inc.: represented the Debtor and its affiliates, the fourth largest food brokerage business in the United States, in confirmation of a plan of reorganization and formation of a creditor’s trust that led to a multi-million recovery for the benefit of creditors.

Tyler Jet, L.L.C.: represented Debtor, the largest used business jet dealer in the world, in the successful confirmation of a plan. Reported decisions include: In re Tyler Jet, L.L.C., No. 02-11164, 2006 WL 2818323 (Bankr. E.D. Tex. Aug. 8, 2006).

Search Financial Services Acceptance Corp.: Participated in the team that represented the largest subordinated note holder in the bankruptcy of a public finance company and its affiliates resulting in the successful confirmation of a consensual plan of reorganization.

E2Communications, Inc.: Participated in the team that represented creditors in the bankruptcy of a provider of permission-based email marketing and communication solutions and successful confirmation of a creditors’ plan of liquidation.

Earthcare Company: Represented the Debtor, a waste management company, second chair in the successful confirmation of a plan of reorganization.

Lewisberg Printing Company: Represented purchaser of distressed assets in Chapter 7 case and related post-bankruptcy litigation.

Carol Rose, Inc.: represented corporate debtor entity in jointly administered Chapter 11 case with debtor’s principal through successful confirmation of a plan.

Austin Industries: Represented purchaser of distressed assets in small business Chapter 11 case.

Professional Affiliations

  • American Bar Association
  • American Bankruptcy Institute
  • The International Women’s Insolvency & Restructuring Confederation
  • Dallas Bar Association
  • John C. Ford American Inn of Court

Education

  • J.D., Southern Methodist University (1995), cum laude
  • B.A., Southern Methodist University (1992), cum laude
    • Political Science

Admissions

  • Texas (1995)
  • U.S. District Court for the Northern, Eastern and Southern District of Texas
  • U.S. District Court for the Middle District of Tennessee
  • U.S. Court of Appeals for the Fifth and Sixth Circuits
  • Supreme Court for the United States