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Cassandra Sepanik Shoemaker Counsel

Dallas T +1 469 372 3931 F fax +1 214 273 7478
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Cassandra Sepanik Shoemaker represents creditors, debtors, and equity holders in complex corporate restructurings and litigation in the United States and abroad.

Cassandra regularly represents creditors in high-value Chapter 11 proceedings, including objecting to the adequacy of disclosure statements and confirmation of plans of reorganization, and has extensive experience litigating preference and fraudulent transfer avoidance actions. She also advises financial institutions and corporate clients on lender liability disputes, intercreditor issues, and the strategic considerations associated with bankruptcy and other insolvency-related filings.

Her practice spans a broad range of industries, including energy, real estate, financial services, telecommunications, and healthcare. Known for her command of complex legal and financial structures, Cassandra combines strategic insight with a pragmatic, results-driven approach that consistently advances client objectives in and out of court.

Experience
  • Representation of numerous broker-dealer clients in short selling allegations in In re Sorrento Therapeutics, Inc. (S.D. Tex.).
  • Representation of international bicycle company in connection with cross-border out-of-court restructuring.
  • Representation of various telecommunications companies in successfully obtaining dismissal of Chapter 11 bankruptcy case as a bad faith filing in In re Traxcell Techs., LLC, 657 B.R. 453, 461 (Bankr. W.D. Tex. 2024).
  • Counsel to natural gas contract counterparties in the Chapter 11 Bankruptcy case of In re Cox Oil Offshore, L.L.C., et. al. (S.D. Tex.).
  • Trial and appellate experience in Federal District courts, in the United States Fifth Circuit Court of Appeals and in the Supreme Court of the United States.
  • Represented the overriding royalty interest owners in the bankruptcy case of an offshore Gulf of Mexico upstream company in In re ATP Oil & Gas Corporation, Case No. 12-36186, U.S. Bankruptcy Court for the Southern District of Texas, Houston Division
  • 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.
  • Counsel to commodity customers with substantial claims in MF Global Inc. SIPA proceedings (S.D.N.Y.), MF Global Holdings Ltd, Chapter 11 case (S.D.N.Y.) and MF Global UK Limited insolvency special administration (UK).
  • Representation of the debtor, an upstream oil and gas exploration company and affiliates, in In re: Approach Resources Inc. et al, in its Chapter 11 bankruptcy (S.D. Tex.) and related litigation 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, (E.D. Tex).
  • Representation of the debtor Vitro, S.A.B. de C.V, a Mexican glass manufacturer, in its Chapter 15 proceeding which was part of a cross-border restructuring of Vitro’s greater than $2 billion in liabilities.
  • Representation of Chapter 11 debtor, a senior living facility, in In re Senior Living Center at Corpus Christi, Inc. d/b/a Mirador, which obtained confirmation of a pre-negotiated Chapter 11 plan without current resident impairment within 65 days of case filing.
  • Representation of the agent for Wilmington Trust, National Association, primary secured creditors, in the Chapter 11 case of III Exploration.
  • Representation of the Official Unsecured Creditors’ Committee in the Delaware Chapter 11 case of Endeavour Operating Corporation et al., an upstream producer with greater than $1 billion of liabilities.
  • Representation of Thomas Moran, the Chapter 11 trustee for Life Partners, a life settlement company with greater than $1.4 billion in liabilities.
  • Representation of the agent for GE Capital EFS Financing, Inc., primary secured creditors, in the Chapter 11 case of Trinity River Resources, LP.
  • Representation of Chapter 11 debtor Parallel Energy LP, et al., which successfully facilitated a sale process of more than $100 million in debt within four months of case filing.
  • Representation of publicly-traded Chapter 11 debtors in In re Cano Petroleum, Inc., and successfully restructured more than $82 million of indebtedness within approximately four months of case filing.
  • Representation of the debtor, a senior living facility, in the U.S. Bankruptcy Court for the Southern District of Texas.
  • In re ATP Oil & Gas Corp., 888 F.3d 122 (5th Cir. 2018).
  • Foothills Tex., Inc. v. MTGLQ Investors, L.P. (In re Foothills Tex., Inc.), 476 B.R. 143 (Bankr. D. Del. 2012).
  • Halo Wireless, Inc. v. Alenco Communications, et al. (In re Halo Wireless), 684 F.3d 581 (5th 2012).
  • Ad Hoc Group of Vitro Noteholders v. Vitro, S.A.B. de C.V. (In re Vitro, S.A.B de C.V.), 470 B.R. 408 (N.D. Tex. 2012).
  • In re HSAD 3949 Lindell, Ltd., No. 10-33986, 2010 Bankr. LEXIS 4860 (Bankr. N.D. Tex. Sept. 1, 2010).

Events

  • Panelist, "Corporate Governance in Financially Distressed Companies," American Bankruptcy Institute, April 29, 2022
  • Panelist, "What Directors Need to Know about Working with Distressed Companies," Private Directors Association, April 21, 2021
  • Participant, National Conference of Bankruptcy Judges, 2019
  • Participant, "Environmentally Contaminated Properties in Bankruptcy," National Conference of Bankruptcy Judges, October 26-29, 2016
  • Speaker, "What You Need to Know About Bankruptcy in Oil & Gas," Dallas DFW-ALTA Luncheon, August 23, 2016

Insights

  • Selected for inclusion in Best Lawyers: Ones to Watch, Litigation – Bankruptcy, 2023, 2024, 2025, 2026
  • Selected for inclusion in Leading Lawyers, Bankruptcy/Restructuring, Texas, Chambers USA, 2025