Jacob Sparks focuses on litigation, bankruptcy, and creditors’ rights. His litigation practice consists of guiding clients through the process of complex litigation, including general business disputes, breach of contract claims, financial services litigation, fraud claims, and business torts. By accurately assessing risk, assisting with cost-benefit analysis, and designing effective strategies, Jacob helps his clients find cost-effective, creative solutions to complicated problems.
Jacob’s creditors’ rights, bankruptcy, and restructuring practice primarily consists of representing clients in negotiations or litigation related to bankruptcy proceedings. Bankruptcies are complex, financially demanding, highly regulated proceedings that require the assistance of an experienced attorney. Jacob has been practicing bankruptcy law his entire career and has worked on cases ranging from small individual liquidations to mega-cases in jurisdictions around the country. Outside the bankruptcy context, Jacob also represents parties embroiled in other judicial or non-judicial proceedings relating to the restructuring or liquidation of businesses.
Jacob frequently works with special assets groups within financial institutions. When dealing with problem loans and troubled debts, financial institutions need a flexible attorney who can work with struggling borrowers to restructure debts when possible, conduct collateral sales under Article 9 of the Uniform Commercial Code when appropriate, litigate when necessary, collect on judgments, and enforce a lender’s rights if a borrower files bankruptcy. As soon as a loan begins to experience trouble, Jacob can step in and work with his client until the situation has been resolved.
Highlights of Jacob’s experience include:
- Represented Chapter 11 and Chapter 7 bankruptcy trustees in over two hundred and fifty cases after the Great Recession. This representation included litigating fraudulent transfer, preference, discharge, and state law causes of action.
- Represented a bankruptcy trustee and worked collaboratively with the Federal Bureau of Investigation, the U.S. Marshals Service, and the U.S. Attorney’s Office to recover misappropriated bankruptcy estate assets. Jacob briefed the FBI team on the nature and possible locations of the assets and accompanied the team on raids of those locations. Ultimately, assets were recovered for the benefit of the bankruptcy estate’s creditors.
- Represented a client in the healthcare industry who had been sued by a former employee alleging over a million dollars in damages. Jacob used computer forensics to identify how the former employee had misused and misappropriated company property, including trade secrets, and asserted counterclaims and pleaded affirmative and negative defenses. After litigating the case for nearly a year, the former employee agreed to a settlement whereby he received nothing and his lawsuit was dismissed with prejudice.
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Presentations and Publications
- “What You Need to Know About the Small Business Reorganization Act of 2019,” ColoradoBiz, August 2020
- “Commercial Loan Workout Considerations For Lenders,” Law360, August 2020
- “Guidance for Arizona Banks on the Small Business Reorganization Act of 2019,” The Arizona Banker, July 2020
- “Ipso Facto Clauses in Executory Contracts,” Dallas Bar Association Headnotes, July 2016
- Pro Bono Attorney, Human Rights Initiative of North Texas
- State Bar of Arizona
- State Bar of Texas
- Dallas Bar Association
- American Bankruptcy Institute
- Selected for inclusion in Texas Super Lawyers® Rising Stars, 2020, Business Litigation
- Selected for inclusion in Texas Super Lawyers® Rising Stars, 2019, Business Litigation
- Selected for inclusion in Texas Super Lawyers® Rising Stars, 2018, Business Bankruptcy
Contact Jacob Sparks at 214.750.3624 or firstname.lastname@example.org.