Daily News: July 24, 2012

Burleson Adds Guffy to Bankruptcy, Restructuring Practice


Burleson announced that Elizabeth M. Guffy, who has practiced law for more than two decades, has joined the energy law firm’s Bankruptcy and Restructuring Practice Group.

Guffy is a seasoned corporate attorney who has an extensive background representing foreign and domestic energy companies, both as creditors and as debtors. She is well versed in a spectrum of matters related to bankruptcy and finance, and is particularly experienced in bankruptcy exposure and risk, chapter 11 cases, bankruptcy litigation, regulatory requirements and the effects of regulatory actions.

Rick Burleson, managing partner of Burleson, added, “Outside of her ability to counsel companies on a wide range of issues, Elizabeth is skilled in understanding the larger implications that come with distressed financial conditions. She is well known for her depth of knowledge and perspective, and has made a name for herself both in and out of the energy industry. She’s a great attorney and is, without a doubt, a great addition to our firm.”

Prior to joining Burleson, Guffy worked as a sole practitioner. She also served as special counsel at Dewey & LeBoeuf after practicing at Baker Botts LLP for 11 years. Guffy has presided over the liquidation of oil and gas companies; analyzed gas and power trading transactions under master agreements, including ISDA agreements; and represented energy companies in insolvency issues.

Her background in financial matters includes representing the FDIC in the structured sale of non-performing loans; analyzing legal isolation, true sale, and non-consolidation issues associated with asset securitizations, project financings, structured leases, and other financial transactions; and structuring energy- and mortgage-related secured financings and repurchase agreements. Guffy has represented secured and unsecured creditors in Chapter 11 cases, analyzed the effects of bankruptcy on contract rights, handled debtor-in-possession issues in various capacities, formulated Chapter 11 plans, and served as trustee in both Chapter 11 and Chapter 7 cases.

In addition to developing litigation strategies for protecting bankruptcy claims, she has defended and prosecuted claim objections and avoidance actions, prosecuted involuntary bankruptcy petitions, and represented clients in mediation. She has also handled appeals in courts from bankruptcy court to district and circuit courts, and has drafted petitions for writ of certiorari to the U.S. Supreme Court.

Guffy graduated with a Bachelor of Science degree from Rice University. She earned her law degree, with honors, from the University of Houston Law Center, where she served as articles editor for the Houston Law Review and was a member of the Order of the Coif.