Thomas Charles Scannell: Expert in Financial Restructuring and Real Estate Bankruptcy

Introduction: Who is Thomas Charles Scannell?

Thomas Charles Scannell is a prominent figure in the field of financial restructuring, specializing in distressed real estate matters. He is a partner at Foley & Lardner LLP, a prestigious law firm known for its expertise in legal practices across various sectors. Since being licensed in 2009, Thomas has built a reputation for his deep knowledge in bankruptcy proceedings, non-judicial foreclosures, and representing secured creditors in complex real estate matters. His work spans diverse industries, including agriculture, healthcare, and construction, where he aids clients in navigating the complexities of distressed assets and restructurings.

Early Career and Legal Background

Before establishing himself as a well-regarded partner at Foley & Lardner LLP, Thomas Charles Scannell earned his law degree from the University of Oklahoma College of Law in 2009. His legal journey began with a focus on commercial litigation, which eventually led him to specialize in financial restructuring and real estate bankruptcy. His experience includes advising clients on the legal intricacies of bankruptcies, debtor and creditor rights, and turnaround strategies for struggling companies.

Upon joining Foley & Lardner, Thomas found a platform where he could leverage his skills in financial restructuring. Over the years, he worked alongside seasoned professionals, gaining hands-on experience and knowledge in representing secured creditors in various real estate matters. His ability to balance the interests of both debtors and creditors in highly charged financial situations became a hallmark of his practice.

Areas of Specialization

As a partner at Foley & Lardner, Thomas Charles Scannell primarily focuses on distressed real estate matters and bankruptcy proceedings. His areas of specialization include:

1. Secured Creditors Representation: One of Thomas’ key strengths is representing secured creditors in non-judicial foreclosures and bankruptcy cases. He has worked on complex real estate transactions, offering solutions that protect his clients’ financial interests during a restructuring process. This includes asset sales, renegotiations of debt, and dispute resolution regarding the financial obligations of distressed real estate holdings.

2. Distressed Real Estate and Assets: Over the course of his career, Thomas has developed a vast portfolio of experience working with distressed assets. These include properties such as apartment complexes, agricultural farms, healthcare facilities, and raw land. His experience spans a range of property types and industries, providing him with a nuanced understanding of how to approach each unique scenario.

3. Bankruptcy and Bankruptcy Litigation: Thomas also provides counsel in bankruptcy proceedings, handling Chapter 5 causes of action, lender liability cases, and receivership proceedings. His litigation experience extends to navigating complex bankruptcy laws and guiding clients through the challenges of restructuring or liquidation processes.

4. Out-of-Court Workouts and Turnarounds: In addition to formal bankruptcy proceedings, Thomas frequently helps businesses navigate out-of-court workouts and turnarounds. This involves negotiating new financial terms, helping businesses avoid the costly and lengthy bankruptcy process, and facilitating solutions that allow for the continuation of operations without resorting to formal court action.

5. Acquisitions and Sales of Distressed Assets: A crucial aspect of Thomas’ practice involves advising clients on the acquisition and sale of distressed assets. This often involves evaluating distressed real estate or businesses and developing strategies that allow for a smooth transaction despite the complex nature of the assets involved.

Notable Clients and Cases

Throughout his career, Thomas Charles Scannell has represented a wide array of clients, including major financial institutions and corporations. Some of the key clients Thomas has represented include:

• Fannie Mae: In matters involving distressed real estate and foreclosures, Thomas served as counsel to Fannie Mae in matters related to TerraVista Partners – Hidden Village, Ltd. and APEX Legacy TX.

• BMO Bank, N.A., Northeast Bank, and Greystone: Thomas has provided counsel in various distressed asset situations, including non-judicial foreclosures and bankruptcy proceedings.

• AgAmerica Lending: Thomas represented AgAmerica Lending in restructuring and refinancing efforts, ensuring that distressed agricultural assets were restructured and repositioned for optimal recovery.

Through these high-profile cases, Thomas has demonstrated his ability to handle large-scale, complex financial matters that involve multiple stakeholders and intricate legal issues.

Recognition and Awards

Thomas Charles Scannell’s expertise has not gone unnoticed in the legal community. His professional accomplishments have earned him numerous accolades and recognitions. Some of the notable honors include:

1. D Magazine’s “Best Lawyers in Dallas”: Thomas has been listed in D Magazine’s prestigious “Best Lawyers in Dallas” list in 2020, 2023, and 2024. This recognition reflects his standing as one of the top legal professionals in the Dallas area.

2. Texas Rising Stars: From 2017 to 2023, Thomas was named to the Texas Rising Stars list, a designation given to outstanding young lawyers who demonstrate excellence in their fields.

3. Up-and-Coming 100 List: In 2021, Thomas was named to the Texas Rising Stars’ “Up-and-Coming 100” list, an honor given to only the top 100 lawyers under 40 in the state of Texas.

These accolades highlight Thomas’ exceptional skills and dedication to his clients and the legal profession.

Professional Associations and Community Involvement

Beyond his practice, Thomas Charles Scannell is actively involved in several professional organizations. He is a member of the State Bar of Texas, the Dallas Bar Association, and the Dallas Association of Young Lawyers, where he served as president in 2014. These memberships allow him to stay at the forefront of legal developments and connect with other professionals in the field.

Thomas is also passionate about giving back to his community. He volunteers with the Dallas Bar Association Home Project (Habitat for Humanity) and the Dallas Volunteer Attorney Program, helping those in need access legal assistance and support. His involvement in these initiatives speaks to his commitment to using his skills to benefit society at large.

Conclusion: Why Thomas Charles Scannell is a Leading Expert in Financial Restructuring

Thomas Charles Scannell has proven time and again that he is a skilled, experienced, and highly regarded lawyer in the field of financial restructuring and distressed real estate matters. His work has helped countless clients navigate the complexities of bankruptcy proceedings, non-judicial foreclosures, and distressed asset management.

His exceptional legal knowledge, commitment to excellence, and active involvement in his community have earned him recognition from his peers and clients alike. With a career marked by success and numerous accolades, Thomas Charles Scannell continues to be a trusted advisor for those dealing with distressed real estate and complex financial challenges.

Whether representing major financial institutions, assisting businesses with turnarounds, or working on out-of-court solutions, Thomas remains at the top of his field and a valuable resource for anyone seeking expertise in financial restructuring and bankruptcy law.

Enter Times