CHARLES PERSONS’ practice focuses on debtor and creditor representations in complex domestic and cross-border Chapter 11 cases, out-of-court reorganizations and refinancings, distressed acquisitions, debtor-in-possession financing, and a variety of bankruptcy litigation matters, including appellate litigation.
Since joining Sidley, Charles has been involved in the Chapter 11 debtor representations of publicly traded biotech company Tricida, Inc. and light sport aircraft manufacturer ICON Aircraft, Inc. in the Bankruptcy Court for the District of Delaware; publicly traded oil and gas company Legacy Reserves, Inc. in the Bankruptcy Court for the Southern District of Texas; artificial intelligence designer Wave Computing, Inc. in the Northern District of California; storage company Great Value Storage in the Bankruptcy Court for the Northern District of Texas; and asset manager for Salient Partners L.P. in an out-of-court distressed transaction.. His creditor-side engagements since joining Sidley have included the representation of Ares Capital Corporation as secured lender agent and DIP agent in the Vista Proppants Chapter 11 in the Northern District of Texas; Presidio Petroleum in its acquisition of Templar Energy out of Chapter 11; and Mockingbird Credit Partners in the debt-for-equity swap transaction in TPC Group. Charles was involved in the representation of New Residential Investment Corp. in its US$574 million stalking horse bid for mortgage-related businesses of debtor mortgage servicing and origination company Ditech Holding, as well as several out-of-court distressed oil and gas acquisitions.
In addition to his experience with multinational restructurings in the retail, aviation, automobile, and manufacturing industries, Charles has considerable experience advising clients in the oil and gas industry on restructuring matters and has published several articles and appeared on podcasts discussing the intersection of oil and gas law and restructuring law.
Charles has been recognized by New York Super Lawyers as a “Rising Star” in Restructuring in 2017 and 2018, by Texas Super Lawyers as a “Rising Star” in Restructuring from 2014–2017 and 2020, by Best Lawyers in America in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in 2022 and 2023, by D Magazine as Best Lawyers in Dallas: Bankruptcy & Workout for 2023, and has been selected as a barrister in the Hon. John C. Ford American Inn of Court for restructuring practitioners.