About
alex vopat
Director
Turnaround & Restructuring | Bankruptcy | Special Situations | Distressed M&A | Orderly Wind-Downs
Fifteen-plus years as both a debtor and a restructuring advisor, with $1.4B in creditor claims analyzed, multiple § 363 sales led, and financial testimony delivered before the U.S. Bankruptcy Court for the Southern District of Texas.
SUMMARY
Alex Vopat is a Director with VERITAS Restructuring Group, partnering with C-suite executives, counsel, lenders, and creditors across in-court and out-of-court restructurings in energy, construction, retail, technology, and agriculture. He leads and supports engagements ranging from Chapter 11 trustee mandates and interim operating leadership to § 363 sale processes and full-cycle wind-downs, with workstream responsibility spanning $1.4B in claims reconciliation, $187M of senior secured debt forbearance, and $44M of inventory disposition. That advisory footing rests on more than a decade leading 50+ person teams through 24/7 offshore oil and gas operations and a debtor-side Chapter 11 tenure, producing a pragmatic, execution-driven perspective that holds up under creditor scrutiny and courtroom cross-examination.
CORE EXPERTISE
- Chapter 11 reorganization, Chapter 11 trustee mandates, and out-of-court restructuring
- 363 asset sale processes and contract analysis
- Claims analysis and reconciliation
- Thirteen-week cash flow forecasting, liquidity management, and liquidation modeling
- Stakeholder management and creditor negotiations (forbearance, DIP, plan support)
- Interim operating leadership, team management, and wind-down execution
- Litigation, deposition, and expert testimony support
KEY METRICS
- $1.4B in creditor claims analyzed and reconciled under a confirmed Chapter 11 Plan
- $3.9B of long-term notes deleveraged; 100% recovery delivered to $35M of unsecured creditors (debtor-side)
- $187M of long-term debt forbearance negotiated; $44M of inventory liquidated; $9M of A/P strategically deferred
- 3 § 363 asset sale mandates supported; 10+ buyer pitches led alongside senior investment bankers
- 5% average repair cost reduction; downtime cut from 6.78% (7,727h) to under 1.83% (under 394.5h) over ten years (prior operator role)
ENGAGEMENTS
Agriculture, Chapter 11 and § 363 Sale (S.D. Alabama)
Challenge: A company operating an $85M+ processing facility in Alabama faced a multi-front liquidity crisis driven by a drought-era commodity price spike that fractured farmer-owner deliveries, a suspended USDA warehouse license, and approximately $187M in long-term debt pressuring the company toward a Chapter 11 filing.
Action: Supported pre-filing workout activity across lender negotiations, inventory disposition, and payables management, contributing to approximately $187M of long-term debt forbearance, $44M of inventory liquidation, and $9M of accounts payable deferral
Result: Extended liquidity runway through a structured out-of-court workout; positioned the estate for a court-supervised § 363 sale
E&P Oil & Gas Operator | Wind-Down and Dissolution
Challenge: A private upstream oil and gas operator required full dissolution: divestiture of 2,300, leases & operating wells, assignment of operating and regulatory liabilities to successor operators, settlement of past-due obligations, and final tax filings to capture refund-eligible positions.
Action: Negotiated working interest divestitures and liability assignments with successor operators; coordinated with counsel on commercial and regulatory transfers; worked through settlement of past-due vendor and royalty obligations; and prepared the estate for final tax filings.
Result: Divested the company’s operating well portfolio and assigned all associated liabilities to successor operators, cleared past-due obligations, completed regulatory compliance, and positioned the estate for approximately $1.0M in pending tax refunds.
Integrated Oil & Gas Operator | § 363 Sale Process
Challenge: A fully integrated oil and gas operator faced liquidity collapse and conversion to Chapter 7. The company operated across approximately 60 wells and a processing plant with monthly output of roughly 17,000 barrels of condensate, 500,000 gallons of propane and butane, and 2,000 pounds of molten sulfur. Preserving going-concern value required hands-on operational leadership in parallel with a court-supervised sale process.
Action: Led day-to-day plant operations and supervised upstream field activities across the operated well portfolio, managing plant and field personnel to maintain production, safety, and regulatory continuity through the Chapter 11 period. In parallel, supported the § 363 sale process end to end: virtual data room construction, sales strategy, 10+ buyer pitches delivered alongside senior investment bankers, and contribution to asset purchase agreement negotiations with counsel.
Result: Maintained uninterrupted plant and field operations through the sale process, and completed a successful § 363 going-concern sale that preserved upstream and midstream operations, transferred operatorship of the well portfolio to a capable successor.
Biopharmaceutical | $1.4B Claims Reconciliation | Chapter 11, S.D. Texas
Challenge: A confirmed Chapter 11 Plan required disposition of $1.4B in filed claims under court-ordered deadlines, with meaningful exposure to objections and contested matters.
Action: Led the claims reconciliation workstream, advised the Trustee and counsel on objections, drafted supporting declarations, and testified before a U.S. Bankruptcy Judge.
Result: Delivered defensible claim determinations that withstood cross-examination and moved the estate toward plan effectiveness on schedule.
Construction | Chapter 11 Trustee Mandate
Challenge: A Louisiana-based construction company entered Chapter 11 with effectively no cash and was headed toward a Chapter 7 conversion that would leave no resources for a successor trustee to administer the estate, alongside unpaid payroll and tax priority claims.
Action: Supported the Chapter 11 trustee engagement across cash generation, collections, creditor communications, payroll and tax priority resolution, and case administration on a compressed timeline.
Result: Generated approx. $800K of cash within four to six weeks, settled outstanding payroll and tax obligations, and converted the case to Chapter 7 with a funded estate for the successor trustee; an additional approximately $800K in inbound collections remains in progress.
INDUSTRIES
- Energy (upstream, midstream, and oilfield services)
- Construction
- Retail
- Technology
- Agriculture
- Owner-operated small business.
CREDENTIALS
- Certified Public Accountant (CPA)
- Bachelor of Science in Finance and Accounting, Illinois State University
- Board Member and Treasurer, Turnaround Management Association (Houston Chapter); Programs Committee
- Member, American Bankruptcy Institute (ABI)
- 2025 Emerging Leader Award, The M&A Advisor
- Expert testimony delivered before the U.S. Bankruptcy Court, Southern District of Texas
- 25+ oil and gas operational certifications
Office Hours
Mon-Fri - 8:30 am to 5:30 pm
Saturday - 09:00 am to 12:00 pm
Holidays - Closed
Contact Info
717 Texas Ave., 12th Floor
Houston, TX 77002
713-255-2099
info@vrg.co