Thomas Charles Scannell

Partner

Overview

Thomas Scannell is a partner in Foley’s Financial Restructuring and Reorganization Practice. His practice primarily focuses on the restructuring of companies in and out of bankruptcy, debtors' and creditors' rights, and debtor-in-possession financers. Thomas also counsels his clients on out-of-court workouts, turnarounds, and the acquisition and sale of distressed assets. Thomas 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.

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)

Recent Presentations

  • Panelist speaker, 2018 Northern District of Texas, U.S. Bankruptcy Court Bench Bar Conference – 2018 Case Law Update

Professional Affiliations

  • Member, The Honorable John C. Ford American Inn of Court (2019–present)
  • Member, State Bar of Texas
  • Member, Dallas Bar Association
    • 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)

Community Involvement

  • Volunteer, Dallas Bar Association Home Project (Habitat for Humanity)
  • Volunteer, Dallas Volunteer Attorney Program, South Clinic

Honors & Awards

  • Best Lawyers in Dallas, D Magazine (2020)
  • Best Lawyers Under 40, D Magazine (2018, 2019, 2020)
  • Texas Rising Star by Super Lawyers®, a Thomson Reuters business, as published in Texas Super Lawyers Magazine - Bankruptcy (2017, 2018, 2019, 2020, 2021)
  • 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)

Education

  • University of Oklahoma College of Law (J.D., with highest honors, 2009)
  • Texas Tech University (B.A., 2006)

Admissions

  • Texas
  • Texas State Courts
  • U.S. Court of Appeals for the Fifth Circuit
  • U.S. District Court for the Eastern, Northern, Southern and Western Districts of Texas
  • U.S. Bankruptcy Courts for the Eastern, Northern, Southern and Western Districts of Texas

Capabilities