Mr. Sparks focuses on litigation, bankruptcy, and creditors’ rights. His ability to find cost-effective, creative solutions to complicated problems has allowed Jacob to enjoy successful working relationships with financial institutions, governmental entities, and businesses in various economic sectors and industries.
Jacob’s litigation practice consists of representing parties involved in disputes related to contracts, financial services, construction, commerce, and business torts. Disputes can jeopardize profitability, reputation, and even the existence of a business. By accurately assessing risk, assisting with cost-benefit analysis, and designing effective strategies, Jacob helps his clients litigate with precision and achieve desired outcomes.
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 across 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. A multitude of state and federal laws regulate different aspects of such proceedings and experienced counsel is critical for all parties involved.
Jacob frequently works with special assets groups within financial institutions. When dealing with problem loans and troubled debts, special assets groups need a flexible attorney who can work with struggling borrowers to restructure debts when appropriate, litigate when necessary, collect on judgments, and enforce a lender’s rights if a borrower file 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
- “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
Contact Jacob Sparks at 214.750.3624 or firstname.lastname@example.org.
Click here to connect with Jacob on LinkedIn.