Jeff Prostok has successfully reorganized more than 50 businesses through the bankruptcy process and saved many more through out-of-court workouts. He concentrates his practice in the areas of business reorganizations, debtor and creditor rights, bankruptcy litigation, and refinancing and acquisitions of troubled companies. Jeff has represented numerous private equity funds as creditors and equity holders in complex restructurings and bankruptcy matters. He also serves as counsel for companies and individuals involved in a variety of industries, such as oil and gas, healthcare, manufacturing, and retail.
Locations
Fort Worth
301 Commerce St. | Ste. 2200
Fort Worth, TX 76102
Houston
1900 Post Oak Blvd. | Ste. 2400
Houston, TX 77056
Representative Experience
Debtor Representations
Eventide Credit Acquisitions, LLC
Currently representing Eventide Credit Acquisitions, LLC (ECA) as debtor’s counsel in a case of nationwide significance. Prior to the petition date, ECA was sued in several class action lawsuits relating to the firm’s sale of a loan servicing business to a native American tribe. The primary issue in the bankruptcy case is whether tribal sovereignty and the strong federal policy favoring tribal economic development and self-sufficiency pre-empt state usury laws. In addition to the claims asserted by the consumer borrowers, ECA also has a claim of more than $26 million based on Big Picture Loans’ default under the terms of a note and loan security agreement between ECA, as lender, and Big Picture Loans, as borrower.
Tedder Industries, LLC
Currently representing Tedder Industries, LLC d/b/a Alien Gear Holsters (Tedder) in its Chapter 11 proceedings. Tedder is a top manufacturer of concealed-carry holsters, gun belts, and related firearm accessories and provides its products to numerous government and law enforcement agencies across the United States.
Mid-Cities Home Medical Equipment Co., Inc.
Represented Mid-Cities Home Medical Equipment Co., Inc. (MCHME) as debtor’s counsel. MCHME previously provided durable medical equipment to managed care patients. Although it had essentially discontinued its business operations prior to the bankruptcy filing, MCHME owned an equity interest in a related entity with substantial value. Assisted MCHME in confirming a chapter 11 plan that proposed payment to creditors over time through litigation recoveries and distributions on account of its interest in the related entity.
Texas Rangers Baseball Club (Co-Counsel-Chapter 11)
Represented the debtor in facilitating an auction for the baseball team and confirming a plan of reorganization making it one of the most significant and high-profile bankruptcies ever filed in Texas.
Mirant Bowline, LLC; Mirant Hudson Valley Gas Corp.; Mirant New York, Inc.
Confirmed a plan of reorganization for the debtors with assets in excess of $200 million and a number of outstanding tax and environmental issues. The plan of reorganization provided the same treatment to creditors of the three emerging entities as to similarly situated creditors, and all creditor claims were satisfied.
Matrix Warranty Solutions, Inc., Matrix Financial Services, LLC, Everything Breaks, Inc., et al.
Representing Matrix Warranty and Matrix Financial (“Matrix”) in two separate Chapter 7 bankruptcy cases. The Matrix companies provided thousands of consumers with aftermarket service plans for vehicles, electronics, and home appliances. Prior to filing bankruptcy, the Matrix entities were involved in protracted class action litigation in West Virginia. In the bankruptcy case, the Firm represented principals of the Debtors in connection with a global settlement between the Debtor estates and Matrix affiliates. Pursuant to the settlement, the Trustees and Debtor estates released all claims and causes of action against the Matrix affiliates in exchange for a cash payment. Following approval of the settlements in both Matrix bankruptcy cases, the class action plaintiffs filed new pleadings to include claims against the Matrix affiliates in the West Virginia litigation. On behalf of the Debtors and Matrix settlement parties, the Firm initiated litigation in the bankruptcy court to enforce the automatic stay and to determine that the new claims in the West Virginia litigation were released by the bankruptcy estates. After a hearing on this matter, the Bankruptcy Judge entered an order finding that plaintiffs had willfully violated the automatic stay and took the remaining requests under advisement.
Mrs. Baird’s Bakeries
Represented Mrs. Baird’s, the largest privately owned bakery in the nation at the time, in its strategic Chapter 11 bankruptcy case. Intense negotiations and litigation brought about the settlement of a multimillion-dollar antitrust class action suit, while a plan of reorganization was accepted by every major creditor group and subsequently approved by the Bankruptcy Court in record time, allowing all claims to be paid in full.
Creditor Committee Representations
PrimaLend Capital Partners, LP
Retained to represent the Official Committee of Unsecured Creditors of PrimaLend Capital Partners, LP, a Texas-based subprime auto lender that specializes in providing financing solutions to “buy-here-pay-here” auto dealerships. PrimaLend’s bankruptcy filing on October 22, 2025, comes after months of negotiations with its creditors following missed interest payments on its debts due to an unexpected increase in delinquencies and repossessions. The unsecured creditors committee includes (i) Meir Benit Trust, (ii) Jacob Mason, and (iii) Earth Enterprises LLC. The case outcome was covered in Law360.
Omnicare, LLC
Retained to represent the Official Committee of Unsecured Creditors for Omnicare, LLC, a CVS Health subsidiary, to address liability related to a recent $1 billion False Claims Act judgment entered against it in the U.S. District Court for the Southern District of New York. The unsecured creditors committee included (i) Uri Bussan, the relator in a False Claims Act suit against Omnicare, (ii) McKesson Corporation, (iii) the International Association of Machinists and Aerospace Workers, and (iv) the Institute of Nursing Excellence d/b/a Heartworks, IV. The case outcome was covered in Law360.
Anthology, Inc.
Retained to represent the Official Committee of Unsecured Creditors to the Official Committee of Unsecured Creditors of Anthology, Inc., a global provider of education technology (EdTech) software and services, and parent company to Blackboard Learn. Burdened by more than $1 billion in debt, Anthology sought Chapter 11 protection in the Southern District of Texas in late 2025. The unsecured creditors committee includes (i) Genius SIS LLC, (ii) Glass Technologies Inc., (iii) A-LIGN Compliance and Security Inc. d/b/a A-LIGN, and Avalara, Inc. The case outcome was covered in Law360.
Zynex, Inc.
Chosen to represent the Official Committee of Unsecured Creditors for Zynex, Inc., a medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management and rehabilitation with over $66.7 mm in debt. The unsecured creditors committee includes (i) U.S. Bank Trust Company, N.A., (ii) Savant Labs, Inc., (iii) Allstate Insurance Company, and (iv) Dr. Raelynn Maloney. The case outcome was covered in Law360.
Chesapeake Energy Corporation
Represented the Official Committee of Royalty Owners in the Chesapeake Energy Corp Bankruptcy. The appointment of the committee to represent an estimated 200,000 royalty owners was the first in the history of complex oil and gas bankruptcies. Chesapeake filed an emergency motion to disband the committee days after its formation and was denied. With input from the committee each revision of the Plan of Reorganization provided enhanced rights and reservations for the royalty owners, balancing the group’s rights to pursue pre-petition claims while also supporting Chesapeake’s continued operations and revenue streams versus liquidation. Based on these efforts the plan was confirmed with a commitment from Chesapeake’s CEO to treat “all of Chesapeake’s stakeholders with transparency.”
BTC USA Holdings Management, et al. (“Radio Station Debtors”)
Representing five (5) Radio Station Debtors in the Chapter 15 bankruptcy cases of Local First Media Group Inc., et al. pending in Texarkana, Texas. The radio assets include several operating radio stations in Alaska and Texas. The Chapter 15 cases were initiated to recognize a Canadian receivership proceeding as a foreign main proceeding and to provide a domestic mechanism to sell the radio station assets as a going concern. In the bankruptcy case, the Firm represents a principal of the Radio Station Debtors in connection with the proposed purchase of the radio assets in the bankruptcy case free and clear of liens.
Creditor Representations
Wellpath, LLC
When Wellpath LLC—the largest provider of medical services in U.S. correctional facilities—filed for Chapter 11 in November 2024, it faced more than 1,500 lawsuits. Our attorneys represented a broad coalition of county and local governmental authorities, including Cobb County, Georgia; the Metropolitan Government of Nashville and Davidson County, Tennessee; PRISM (a California joint powers authority); and more than 30 California counties. Our work went beyond the typical creditor representation in a complex restructuring. Because many of our clients and their employees were co-defendants with Wellpath in medical malpractice suits nationwide, we took action to ensure the automatic stay protected them from ongoing litigation. In May 2025, the bankruptcy court confirmed Wellpath’s plan of reorganization, establishing a liquidating trust to handle more than 32,000 claims totaling $20 billion. Through this case, we were able to protect our public-sector clients in one of the nation’s most challenging Chapter 11proceedings. The case outcome was covered on NPR.
Barrow Shaver Resources, LLC
Barrow Shaver Resources, LLC, a large oil and gas operator, filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of Texas. In connection with the bankruptcy, a dispute arose between Barrow Shaver and a group of non-operating working interest owners who hold interests in numerous Barrow Shaver oil and gas leases on valuable property located in Morris, Cass, Upshur, and Camp Counties, Texas. The dispute centers on whether Barrow Shaver may avoid the working interests previously assigned to the group. To protect their interests, the non-operating working interest owners commenced an adversary proceeding in the Southern District. In that action, they seek a declaration that the disputed working interests are either not property of the bankruptcy estate or, alternatively, not subject to avoidance by Barrow Shaver. The proceeding also involves related issues concerning expense allocations to the working interest owners. The matter remains in its early stages and is still pending before the court.
MAP Enterprises, Inc.
Representing MAP Enterprises, Inc. (MAP)—a Kentucky corporation—which has been named as a defendant in an adversary proceeding brought by the Chapter 11 Trustee for McClain Feed Yard, Inc. and related entities (the “Debtors”) in the United States Bankruptcy Court for the Northern District of Texas, Amarillo Division. The Trustee alleges that Mr. Brian McClain, the owner of McClain Feed Yard, operated a cattle-raising Ponzi scheme wherein he collected, pooled, and distributed hundreds of millions of dollars, although 90% of the cattle he claimed to be raising for investors never existed. Relying on the Ponzi-scheme presumption of fraudulent intent, the Trustee seeks to avoid and recover transfers made to net-winners prior to Debtor’s bankruptcy filing to maximize the recovery of creditors and net-losers of the alleged scheme.
Legalist, Inc.
Representing Legalist, a San Francisco-based investment firm that specializes in alternative assets in the private credit industry. Legalist currently manages assets across three separate strategies: litigation finance, bankruptcy finance, and government receivables lending. Legalist’s affiliate, Legalist SPV III, LP, entered into an Amended and Restated Government Purchase Order Financing Agreement (the “Financing Agreement”) with Cyberlux Corporation, whereby Legalist provided a revolving line of credit secured by certain collateral, including accounts receivable. Since that time, Cyberlux has become a judgment-debtor in multiple lawsuits and failed to make payments to its creditors, including Legalist. In an effort to collect payment, Cyberlux’s judgment-creditors filed enforcement actions in both Texas and Virginia state court. VHH represents Legalist directly in the Texas state court action, and through local counsel in the Virginia state court action. VHH is currently engaged in motion practice to protect Legalist’s interests based on its status as Cyberlux’s senior secured creditor. In addition to the foregoing actions, VHH represents Legalist in a federal interpleader action pending in the Eastern District of Virginia that also stems from Cyberlux’s failure to make payment to its creditors. While this case is in its early stages, we will continue to act as lead counsel for Legalist and pursue full payment based on the total amount that Cyberlux currently owes Legalist under the Financing Agreement.
Regional Professional Building, L.P.
Represented several creditors, including Regional Professional Building, L.P. (Regional), in the Ste.ward Health Care System LLC, et al. Chapter 11 cases pending in the Southern District of Texas. Regional, as landlord, leased approximately 86,704 square feet of medical office space to the Ste.ward Debtor operating the hospital in Port Arthur, Texas. The Firm’s attorneys assisted Regional in ongoing sale proceedings in the bankruptcy cases to ensure that Regional’s significant administrative claim and prepetition claims would be properly treated as a condition to the sale and potential assignment of the lease to a new buyer. The Firm’s attorneys also represented an interested bidder in connection with the sale of the Port Arthur hospital. The case was covered in The Examiner and Wall Street Journal.
Representations in Asset Acquisitions
First Baldwin Bancshares, Inc.
Represented The First Bank in its acquisition of The First National Bank of Baldwin in a contested §363 sale in Alabama. The firm’s attorneys have worked on several other holding company bankruptcies throughout the nation and co-authored an article on the topic for the American Bankruptcy Institute Journal.
Associated Supply Company, Inc. (“ASCO”)
Represented ASCO in its §363 purchase of assets valued at more than $50 million in the Hi-Way Equipment Company bankruptcy case.
Trustee Representations
TUSA Office Solutions, Inc.
The firm represented TUSA, the largest commercial seller and distributor of furniture in North Texas in its Chapter 11 reorganization.
Leather Center, Inc.
Members of the firm represented the trustee in this Chapter 7 liquidation of the largest leather furniture manufacturing company in the U.S.
Credentials
Admissions
- Texas
- U.S. Court of Appeals for the Fifth Circuit
- U.S. District Court, Northern District of Texas
- U.S. District Court, Western District of Texas
- U.S. District Court, Eastern District of Texas
- U.S. District Court, Southern District of Texas
Board Certifications
- Business Bankruptcy Law by the Texas Board of Legal Specialization.
Education
- Southern Methodist University (J.D., 1984)
- University of Texas (B.B.A., 1981)
News & Insights
Honors & Awards
- Super Lawyers, Bankruptcy, Business Litigation, 2004 – 2026
- Lawdragon 500, Leading Litigators in America, “Bankruptcy Litigation, Oil & Gas,” 2026.
- BL Rankings, Best Lawyers, 2014-2025.
- Chambers USA, America’s Leading Business Lawyers, “America’s Leading Lawyers,” 2011-2024.
- Chambers USA, “Band 3 Bankruptcy/Restructuring – Texas,” 2008-2026.
- Thomson Reuters, Texas Super Lawyers, 2004-2024
