Bankruptcy and restructuring attorney Karl D. Burrer has joined global law firm Greenberg Traurig, LLP as a shareholder in the firm’s Houston office and a member of its Business Reorganization & Financial Restructuring Practice. Burrer and colleague Lenard M. Parkins, who also recently joined Greenberg Traurig, will help to expand the firm’s bankruptcy and restructuring practice in Texas. Parkins will split his time between the Houston and New York offices. Both attorneys previously practiced law at Haynes and Boone.

“Growth in Texas is a high priority for Greenberg Traurig,” said Douglas C. Atnipp, Greenberg Traurig co-regional operating shareholder for Texas and Houston co-managing shareholder. “We are thrilled to be able to attract such top-notch legal talent as Karl Burrer and Lenny Parkins. They will help serve our clients’ needs in this important and growing practice.”

“The addition of Karl and Lenny underscores our firm’s commitment to recruiting talented attorneys in areas to address the needs of our clients,” said Nancy A. Mitchell, co-managing shareholder of the New York office and co-chair of the firm’s Business Reorganization & Financial Restructuring Practice. “Lenny and Karl bring strong restructuring experience to the firm and further strengthen our impressive bench of attorneys.”

Burrer focuses his practice on corporate financial restructuring. He has represented corporate debtors and senior and junior secured creditors in all phases of corporate debt restructurings, including negotiating out-of-court workouts and litigating in-court chapter 11 bankruptcy cases with assets ranging from $20 million to over $1 billion. Burrer often advises parties on debt and equity financing as well as asset sales, and has represented both plaintiffs and defendants in complex commercial litigation matters pending in federal courts across the country.

Parkins focuses his practice on the counseling and representation of large and medium sized corporations, bondholders, indenture trustees, secured lenders, numerous funds, oil and gas interest holders, and creditors’ committees in financial restructurings, litigation, workouts, and formal reorganization cases throughout the United States. He has also represented debtors regarding issues of dealing with collective bargaining agreements and the requirements needed to reject collective bargaining agreements under Section 1113 of the bankruptcy code.

Both attorneys represent clients in a wide range of industries, including energy, real estate, and manufacturing.

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