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Eric Terry Law: A San Antonio Bankruptcy Attorney Who Preserved $235 Million in Net Operating Losses on a 36-Day Timeline

Most business bankruptcy profiles rely on aggregate claims about “millions recovered.” Eric Terry’s track record instead reads like a docket: a prepackaged Chapter 11 plan for P10 Industries confirmed in 36 days that preserved approximately $235 million in net operating losses, and a similar 36-day plan for Crossroads Systems that preserved roughly $140 million — specific, named, and independently traceable matters rather than a marketing aggregate.

Origin and Background

Eric Terry Law, PLLC (“ET Law”) is based in San Antonio, TX 78209. Eric Terry earned his law degree from The University of Texas School of Law in 1995 and has practiced law since that year. Before founding ET Law, he served as a briefing attorney for two federal judges in San Antonio’s Western District — the Honorable Ronald B. King, U.S. Bankruptcy Court, 1995–1996, and the Honorable H.F. Garcia, U.S. District Court, 1996–1997 — then spent more than 16 years at one of the largest law firms in the country within one of its largest and most experienced business reorganization practice groups before opening his own San Antonio practice.

Practice Concentration

ET Law is a business-focused bankruptcy practice covering Chapter 11 reorganizations, Chapter 7 and Chapter 13 for business debtors, business restructuring, debtor/creditor rights, and outside general counsel work for companies navigating financial distress. Terry is admitted before the Fifth Circuit Court of Appeals and the bankruptcy and district courts of the Eastern, Northern, Southern, and Western Districts of Texas. See this San Antonio Bankruptcy & Debt directory for how this business-reorganization specialist compares to the consumer-focused Chapter 7/13 boutiques also serving the metro.

Notable Work / Track Record

Terry’s documented Chapter 11 matters include representing the debtor in possession for Crossroads Systems, Inc. on a prepackaged plan confirmed in 36 days that preserved approximately $140 million in net operating losses, and representing the debtor in possession for P10 Industries, Inc. on a prearranged plan confirmed in the same 36-day timeframe that preserved approximately $235 million in net operating losses. Other documented matters include representing the working capital lenders’ agent in the Chapter 11 of Texas Petrochemicals, L.P.; representing Tri-Union Development Corporation as debtor-in-possession in a successful reorganization; representing the entity that acquired Mooney Aircraft Corporation; and representing the largest health care provider in San Antonio in a settlement of claims against a debtor IPA and its HMO. Awesome Attorneys did not independently verify the dollar figures beyond the source documentation but did confirm the named matters and case roles through the attorney’s own published case history.

Client Voice

Terry holds a 4.8 out of 5.0 rating on Martindale-Hubbell across 20 reviews, at a volume and score that would qualify for the platform’s Client Champion recognition. Peer endorsements on the same platform describe him as a “first string lawyer” who is “stable and creative” and “understands the situation quickly.” Awesome Attorneys did not identify a pattern of negative or critical reviews warranting disclosure.

Beyond the Courtroom

Awesome Attorneys did not identify specific named civic or nonprofit board service documented for Eric Terry distinct from his professional bankruptcy and business-reorganization practice.

Recognition for This San Antonio Bankruptcy Attorney

Awesome Attorneys did not identify Texas Board of Legal Specialization certification for Eric Terry and does not apply “specialist” language on that basis. His recognition instead comes from eighteen consecutive years on the Texas Monthly Super Lawyers list in bankruptcy and workouts (2005–2022) and repeated inclusion in Best Lawyers in America for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2009–2022) and Litigation – Bankruptcy (2012–2022) — both peer-reviewed award programs, distinct from pay-to-play marketing lists.

Texas Legal Backdrop

San Antonio business bankruptcies are filed in the U.S. Bankruptcy Court for the Western District of Texas, where a “prepackaged” or “prearranged” Chapter 11 plan — one negotiated with major creditors before filing — can move to confirmation in as little as 36 days, as in Terry’s documented Crossroads Systems and P10 Industries matters, compared to the months or years a contested reorganization can take. Preserving a debtor’s net operating losses through a reorganization, rather than losing them in a liquidation, is often the central financial objective in these prepackaged filings, since NOLs can offset a reorganized company’s future tax liability. None of this is legal advice; a specific business reorganization or bankruptcy matter should be evaluated by a licensed Texas attorney based on the actual facts and financials involved.

Awesome Attorneys Assessment

Eric Terry’s clearest differentiator is a documented, named track record in complex Chapter 11 reorganizations — including two separate prepackaged plans confirmed in 36 days that preserved a combined $375 million in net operating losses — reinforced by eighteen straight years of peer-reviewed Super Lawyers recognition. The honest trade-off is that this is a business-reorganization practice, not a consumer Chapter 7/13 shop, and Awesome Attorneys did not identify TBLS board certification for Terry specifically. For a San Antonio business owner or company facing a genuine reorganization rather than a personal debt filing, that documented complex-case history is a specific, verifiable reason for consideration.

Methodology and Sourcing

This profile was researched from Eric Terry Law’s official website (ericterrylaw.com), Eric Terry’s Martindale-Hubbell attorney profile and peer reviews, his Super Lawyers and Best Lawyers recognition listings, and a third-party case-history summary of his documented Chapter 11 matters.

Publisher Disclosure and Independence Notice

Awesome Attorneys is an independent legal directory and editorial publication. This profile was not paid for, commissioned, or reviewed by Eric Terry Law, PLLC prior to publication. Awesome Attorneys may in the future offer sponsored placement products to attorneys and firms, including this one, but sponsorship has no bearing on the editorial content, inclusion, or findings of this profile.