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American Banker Quotes Barron & Newburger Attorney on Energy Industry Bankruptcies

Austin, TX:  Energy-related bankruptcies have been steadily climbing since the last quarter of 2014.    In an article titled “Why Banks Started Taking the Energy Slump More Seriously,” (which can be found here), American Banker writer Kristin Broughton interviewed several Texas bankruptcy lawyers, including Stephen Sather from Barron & Newburger.     Mr. Sather was quoted as stating that it was “a real Hobson’s choice” for lenders to continue advancing funds to an energy sector client that appears to be heading toward bankruptcy.