In business reorganization and insolvency cases, Patrick has developed special expertise in healthcare and construction. His debtor work has included significant chapter 11 cases and out of court restructurings in Alabama and other states, including Delaware, California, Florida, Georgia, Illinois, Louisiana, North Carolina, South Carolina, Tennessee, Wisconsin and Washington.
Patrick has appeared on behalf of creditors and other non-debtor parties in chapter 11 cases across the country. His non-debtor clients in chapter 11 and corporate restructuring cases include banks, financial institutions, utilities, landlords, manufacturers and other businesses. Secured creditor representation in recent cases has involved debtors in a broad range of industries, including automotive, construction, financial services, real estate development, retail, apparel, energy, food distribution, and waste management. Patrick represents a number of construction clients in connection with the bankruptcies of owners, general contractors and subcontractors.
In 2008 Jefferson County, Alabama hired Patrick as restructuring counsel in connection with over $5.0 billion in debt. In November 2011, Jefferson County filed chapter 9. Two years later, Jefferson County obtained confirmation of the largest municipal debt adjustment plan in history, which was consummated in December 2013. The plan included the unprecedented sale of approximately $1.8 billion in refunding warrants out of bankruptcy to refinance a portion of the County’s debt. Patrick is a leading speaker on municipal insolvency before national organizations such as the American College of Bankruptcy, the National Conference of Bankruptcy Judges, the American Bankruptcy Institute, the American Bar Association, and the Turnaround Management Association. Patrick co-authored Municipalities in Peril: the ABI Guide to Chapter 9 (American Bankruptcy Institute 2012) and is the author of Southeast and New England Mean New York: The Rule of Explicitness and Post-Bankruptcy Interest on Senior Unsecured Debt, 38 Cumb. L. Rev. 467 (2008).
Representing debtors, creditors, and investors, Patrick has participated in sales transactions involving distressed businesses totaling over $2.0 billion in the aggregate. In addition, Patrick has extensive trial and appellate experience in bankruptcy-related litigation, including preference and fraudulent transfer claims, reclamation, claims allowance, tax discharge, and other non-dischargeability issues. He has tried dozens of cases to verdict and has argued several cases before the United States Courts of Appeal.