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Demetra Liggins Partner

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Houston T +1 713 353 6661 F fax +1 832 255 6371
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Demetra has over two decades of experience in business finance and restructuring for a variety of large and small public and private companies. As a trusted business advisor, Demetra partners with her clients to identify and achieve their goals in the bankruptcy process, navigating through complex corporate reorganizations and distressed acquisitions.

Demetra has led many representations of bankruptcy clients, working on both in-court and out-of-court restructurings. A thoughtful and creative problem solver, she is highly regarded for her ability to quickly and efficiently help clients assess the effects of a bankruptcy on their corporate and financial transactions. Demetra works with her clients to purchase and sell assets in distressed situations, secure financing, and negotiate structure and implement cash collateral orders and debtor-in-possession financing agreements. Her clients include health care systems, retail corporations, financial institutions, oil and gas companies, partnerships, and private-equity funds, among others.

Demetra is a frequent speaker on bankruptcy and finance-related topics, in addition to speaking on career goals, branding, and mentorship to minority and female audiences ranging from established professionals to students.

Experience

  • Representation of a major diversified financial institution as administrative in In re Zachry Holdings Inc. $1 billion credit facility (S.D. Tex.).
  • Representation of numerous broker-dealer clients in short selling allegations in In re Sorrento Therapeutics, Inc. (S.D. Tex.).
  • Representation of natural gas contract counterparties in the Chapter 11 Bankruptcy case of In re Cox Oil Offshore, L.L.C., et. al. (S.D. Tex.).
  • Representation of a continuing care retirement community Chapter 11 debtor in In re Buckingham Senior Living Community, Inc. and obtained confirmation of a Chapter 11 reorganization plan with no current resident impairment (S.D. Tex.).
  • Representation of a Northwest-based community bank as administrative agent in connection with the Chapter 11 bankruptcy filing of a factoring company operating within the staffing and transportation industries in the Northern District of Texas.
  • Representation of the debtor, an upstream oil and gas exploration company and affiliates, in In re: Approach Resources Inc. et al, as lead counsel in connection with relief under Chapter 11 of the Bankruptcy Code due to, among other things, the prolonged and continuing period of commodity price decline and subsequent volatility.
  • Representation of the official unsecured creditors’ committee in In re: Nuvectra Corporation, in the U.S. Bankruptcy Court for the Eastern District of Texas.
  • Representation of the debtor, a senior living facility, in In re Senior Living Center at Corpus Christi, Inc. d/b/a Mirador, in the U.S. Bankruptcy Court for the Southern District of Texas, as lead counsel and responsible for formulating a pre-negotiated plan resulting in sale approval and confirmation within 65 days of case filing.
  • Representation of the agent for the primary secured creditors in In re III Exploration II, LLP, in the U.S. Bankruptcy Court for the District of Utah; debtor was an oil and gas exploration company.
  • Representation of the agent for primary secured creditors in In re: Trinity River Resources, LP, in the U.S. Bankruptcy Court for the Western District of Texas; debtor was an oil and gas exploration company.
  • Representation of the P&A claimants in In re Energy XXI Ltd, et al., in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division; debtor was an oil and gas exploration company.
  • Representation of the creditor in In re: EMAS CHIYODA Subsea Limited, et al., in the U.S. Bankruptcy Court for the Southern District of Texas.
  • Representation of the creditor in In re: Cobalt International Energy, Inc., et al., in the U.S. Bankruptcy Court for the Southern District of Texas.
  • Representation of the creditor in In re: Castex Energy Partners, L.P., et al., in the U.S. Bankruptcy Court for the Southern District of Texas.
  • Representation of the creditor in In re: Bearcat Energy, LLC, in the U.S. Bankruptcy Court for the District of Colorado.
  • Representation of the creditor in In re: Maxus Energy Corp. et al., in the U.S. Bankruptcy Court for the District of Delaware.
  • Representation of the Official Unsecured Creditors Committee in In re Endeavour Operating Corp. et. al., in U.S. Bankruptcy Court for the District of Delaware, a Chapter 11 case involving Endeavour Operating Corporation, an upstream producer with greater than $1 billion of liabilities.
  • Representation of the Chapter 11 debtors in In re Baseline Oil & Gas Corp. and In re Cross Canyon Energy Corp., which both involved pre-negotiated and packaged plans of reorganization (a “pre-pack”), and both companies exited from bankruptcy in less than 60 days.

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