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, 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,  $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

  • $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

 

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.

 

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

© 2025 VRG VERITAS Restructuring Group