Joe Coleman, a founding director of the Firm, chairs the Insolvency, Bankruptcy & Creditor Rights Section, which focuses on corporate and business reorganization and debt restructuring work throughout the nation. He has substantial experience representing unsecured creditors’ committees, lenders, debtors, equity holders, suppliers, trade associations, financial institutions, real estate companies, trustees and examiners in a wide array of pre-bankruptcy workouts and restructurings, reorganization proceedings, assignments for the benefit of creditors, adversary proceedings, foreclosures and virtually all aspects of bankruptcy and insolvency issues and related litigation. Joe has represented 38 Creditor Committees in 16 states, confirmed in excess of 12 plans of reorganization representing both private and public debtors, and served as counsel for many lenders and other secured creditors in Chapter 11 and other insolvency-related matters.
Mr. Coleman has represented 38 Creditor Committees in 16 states, confirmed in excess of 12 plans of reorganization representing both private and public debtors, and served as counsel for many lenders and other secured creditors in Chapter 11 and other insolvency-related matters.
- Over the proceeding year, represented claims in numerous avoidance actions in five states seeking a total of over $30 million in damages.
- Represent Creditor’s Committee in Atlanta bankruptcy case involving 4 levels of secured debt, several §363 sales of multi-state companies and significant avoidance actions.
- Equity owner of oil and gas services companies involving 7 bankruptcy cases, 3 state court receiverships and significant related litigation.
- Successful out of Court workout of contractor business with operations in multiple states, including debt restructuring, dispute resolution, with quasi-governmental agencies, bond company negotiations and related actions to prevent bankruptcy.
- Committee in Delaware bankruptcy case concerning U.S. operations of a Japanese company, confirmed committee-directed plan.
- Four and one-half day successful trial in the Texas Rangers bankruptcy case.
- Committee in Connecticut retail bankruptcy case resulting in committee-proposed plan and reduction of over 40 percent of claims through the committee’s recharacterization of debt as equity actions against insiders.
- Highest bidder and purchaser of approximately 100 oil and gas leases and related properties out of bankruptcy.
- Committee in biofuel bankruptcy case, including litigation against a 20-member lender group that resulted in settlement with significantly under-secured lenders paying unsecured creditors 15 percent of their claims.
- Successfully defended officers and directors in oil and gas bankruptcy case resulting in court-approved settlement for an amount less than projected legal fees.
- Proposed and confirmed competing plan of reorganization as a means to stop the consummation of a Section 363 sale process and enable the acquisition of a natural gas pipeline transmission company out of bankruptcy.
- Post-Confirmation Trustees in the oil and gas, mortgage, retail and distribution industries.
- Equity holders of a holding company in a Nashville, Tennessee bankruptcy involving restaurants in five east coast states; confirmed plan resulted in equity holders retaining ownership of restaurants, with a vastly improved balance sheet.
- Equity owners of oil and gas service companies involving 7 bankruptcy cases, 2 state court receiverships and significant related litigation.
- Successful out of court workout representing contractor in negotiations with bonding company, governmental agencies, lender, vendors and related parties.
- Group of seven golf equipment manufacturers in an out of court workout with a national retail chain resulting in equity funding, significant payment and security interests from formerly insolvent company.
- Represented a publicly traded equity fund in bankruptcy litigation involving intellectual property and attempted recharacterization of debt as equity
- Represented public sports product company in out-of-court acquisition of insolvent licensee to preserve national line of products sold in all 50 states.
- Represented a Fortune 500 company in the acquisition of an international service firm in bankruptcy.
- Official Unsecured Creditors’ Committee in a transportation industry bankruptcy comprised of 28 affiliated, publicly traded debtors, over $75,000,000 in debt represented, pending in the Southern District of Texas.
- Debtor, a publicly traded roll-up of thirteen entities, resulting in the sale of thirteen separate companies in a 120-day period; Dallas, Texas.
- Official Unsecured Creditors’ Committee for a national mortgage lender, reported as one of the ten largest bankruptcies in that year. Committee members included Fox Sports, CBS Sports, TNT and Dan Marino; Northern District of Texas.
- Served as counsel for defendants in a $15,000,000 preferential transfer and anti-trust lawsuit in Delaware, resulting in a settlement of less than 5% of amounts sought by plaintiff.
- Official Unsecured Creditors’ Committee, owed an aggregate of over $75,000,000 in 200+ store retail bankruptcy; Central District of California.
- Successfully represented a leading national golf products manufacturer in injunction proceedings in bankruptcy court in Augusta, Georgia.
- Official Unsecured Creditors’ Committee and related officer and director litigation in the bankruptcy of a publicly traded distribution company located in Santa Barbara, California.
- Litigation arising from warehouse distributor’s bankruptcy, including LBO/Fraudulent conveyance litigation against lender and breach of fiduciary duty causes of action against former owners, Northern District of Illinois.
“I had a great experience with Joe Coleman. He is extremely ethical and he was a dedicated advocate for me throughout the case. He went beyond just doing his job – he was all in, committed to my cause, and available to me anytime day or night. We knew Joe would stand up for us and swing hard. We needed an attorney totally dedicated and committed to us and Joe was that guy. He built a real rapport with opposing counsel, treated them with respect and gained a lot of ground with them. Joe exudes integrity and is so deeply committed to doing things the right way, his influence helped bring the other side around within a few months. We have worked with other attorneys in the past, but Joe Coleman and the team at KRCL have impressed us so much with their dedication and commitment, we would not hesitate to turn to them with any of our legal needs and refer others to them.”
Andy Elms, Vice President
APOLLO Environmental Strategies, Inc.
“The first time MFSG worked with Joe Coleman was on a very complex bankruptcy case many years ago. We were not expecting to recover anything but Joe’s relentless pursuit in that case helped us get a surprisingly good recovery. Joe has been our go-to bankruptcy attorney and corporate counsel ever since. Joe gets good results because he’s so driven and passionate about what he does. His integrity is unmatched – I always know he’s being completely honest with me about a case and what we can expect. I trust what he says because I know he has our best interests at heart. I really appreciate the time Joe takes to explain things – he has a great style of communication that really helps us understand what’s happening so we feel comfortable making decisions about a case. We have been through some tough situations together and he has become both a mentor and friend over the years. Joe is one of the most grounded and level-headed people I know. I don’t think you could find a better attorney than Joe Coleman.”
MEMA Financial Services Group, Inc.
“I first met Joe Coleman nearly twenty years ago when he was representing a supplier group in a bankruptcy case as counsel to the unsecured creditors. My company was one of the claimants and I was tremendously impressed watching Joe in action throughout the case. He is very forthright, getting straight to the point when dealing with his clients and with opposing counsel. Most importantly, Joe’s integrity is evident in every interaction and I have the utmost respect for his work. Joe fought hard for us in that case and we were very happy with the outcome. After I moved to a new job at a different company, I found myself dealing with a similar situation. My new employer was the largest creditor in the default of another company. I called Joe to ask for help and he flew to Boston two days later to sit down with me and discuss the case. Joe took on that case for us with zeal and dedication we knew we could expect from him. It took three years to see that case through to the end, but Joe got us the right results. He remains the go-to attorney for the company in any creditors’ rights case. I enjoy watching Joe interact with opposing counsel – he is thoughtful, challenging and I’ve never seen him get caught off-guard. He is ethical, dedicated and provides the highest level of client service. Joe is always well-equipped in defense of his clients; there is no other attorney I would recommend in a bankruptcy case.”
“I’ve worked with Joe Coleman and the team at KRCL on many legal issues, but one big case stands out. Our company had a lease agreement with a customer who wasn’t able to make their payments and tried to cancel their contract with us. They owed us nearly $4.5 million dollars and when the case went into mediation, they made us an offer that didn’t come close to covering the debt when we factored in the interest owed, plus our legal fees and expenses. So we declined the offer and took the case into arbitration. Joe Coleman always gives us a very clear picture of the risks of taking a case to litigation – he warns us that we could incur high expenses and still lose, but we decided to go forward with this case. Robert Lemay handled the arbitration with Joe, and they took an aggressive but pragmatic approach to the case. They gave us good advice and solid options with detailed explanations at each point in the case, and did an exemplary job of representing us before the arbitration judge. It took more than a year and half, but they pressed on and in the end, we won nearly everything we asked for. The judge awarded us a sizable judgment, which covered everything we were owed plus almost all of our fees and expenses. Joe and Robert did an exceptional job representing us in this case. You don’t find a lot of attorneys like Joe Coleman. Even when we believed the other side was not being completely honest, Joe would not take that tack. He believed the facts supported our case and he would not stretch the truth or do anything unethical. His integrity is tremendous, and that’s important to me and to my company. Joe’s approach is very high energy. He’s aggressive and he does not back down, and he has the client’s interest at heart. My company expects a lot of bang for the buck and we need a highly effective law firm, which is why we turn to Joe Coleman and the attorneys at Kane Russell Coleman and Logan again and again.”
- “Setoffs: Cutting Your Losses Both Inside and Outside Bankruptcy” – CRF News, Q1, 2015
- Defending Preferential Transfers: Don’t Forget the “Other” Ordinary Course Defense – The Ordinary Business Terms Defense, by Joseph M. Coleman and Robert J. Taylor, published in Credit and Financial Management Review, Volume 19, Number 4, Fourth Quarter 2013 (download article)
- Frequent author and speaker on bankruptcy and creditors’ rights issues, including publications by Mathew Bender, Callaghan and the Uniform Commercial Code Law Journal.
- Moderator for panel discussion at inaugural CR3 Partners, LLC company meeting in Dallas, Texas, January 20, 2017.
- Managing the Meltdown: Weapons in a Credit Professional’s Arsenal – Presented to Outdoors Products Credit Association in Houston, Texas, December 8, 2016.
- Guest Lecturer, The Significant and Strategic Impact of Non-Verbal Communication, at Collin County Community College, Frisco, Texas, November 3, 2016.
- The Preference Battlefield – Webinar presented, along with John J. Kane of Kane Russell Coleman & Logan PC, to NACM Credit Services, Inc., October 27, 2016.
- Faculty Member American Bankruptcy Institute, Trial Advocacy Program.
- American Bar Association, Business Law Section.
- Dallas Bar Association; Corporate Reorganization, Creditor Rights Section, Bankruptcy and Business Litigation Sections.
- State Bar of Texas; Business Law Section, Bankruptcy Reorganization Committee.
- Turnaround Management Association.
- Successfully summited Mt. Kilimanjaro
- Dallas White Rock Marathon finisher
- Past Chair, Prince of Peace Catholic Community Parish Advisory Council
- Coached 25 youth sports teams
- Recently completed nine-year term as Trustee of the Catholic Foundation
- Founding Board Member, Center for Thomas More Studies, University of Dallas
- Founder, Rev. Richard J. Hauser, S. J. Scholarship Fund at Creighton University
- Recipient of President’s Award, Ursuline Academy High School
- Trustee of the Jesuit College Preparatory High School Foundation and Chairman of the Jesuit College Prep HS’ Annual Challenge Drive, wherein over $1 million was raised in less than two months