Photo of Deborah D. Williamson

Deborah D. Williamson Member

Areas of Practice


Bar Admissions

  • Texas, 1982

Court Admissions

  • United States Court of Appeals Fifth Circuit
  • United States District Court Northern, Southern, Western and Eastern Districts of Texas


  • University of Houston Law Center, J.D., cum laude, 1981
  • The University of Texas at El Paso, B.A., with honors, 1977


  • Board Certified in Business Bankruptcy Law by the Texas Board of Legal Specialization
  • American Board of Certification, American Bankruptcy Board of Certification

Deborah Williamson serves as the leader of Dykema's Financial Review Committee and has practiced insolvency and restructuring law for over 30 years. Ms. Williamson is regularly called on by clients in a variety of industries for her bankruptcy experience and advice regarding counter-party risk. She served as one of the 19 members of the American Bankruptcy Institute’s (ABI) Bankruptcy Reform Commission. She was the second recipient of the ABI’s Lifetime Achievement Award. In 2019, Ms. Williamson received a lifetime achievement award from the San Antonio Business Journal. Based in San Antonio, she travels frequently around Texas, the United States, and the world to address colleagues and counsel clients on bankruptcy issues and trends.

In 2016, Williamson authored the second edition of When Gushers Go Dry, The Essentials of Oil & Gas Bankruptcy to address new realities in the oil fields, the first guide to oil and gas bankruptcy. She had previously co-authored Bankruptcy Litigation for the Commercial Litigator. Ms. Williamson has been named a leader in her field by Chambers USA since 2003, previously selected for inclusion by Texas Super Lawyers as one of the Top 100 Lawyers in Texas (regardless of practice), as one of the Top 50 Women Lawyers in Texas and she has been named as one of the Top 50 Lawyers in Central Texas since the honor’s inception. Named one of The Best Lawyers in America© consecutively for over two decades. She has served as Co-Chair of the Bankruptcy and Insolvency Litigation Committee of the Litigation Section of the American Bar Association and Chair of the SBOT Bankruptcy Law Section. Ms. Williamson formerly served as Managing Director of Cox Smith prior to its combination with Dykema and was responsible for guiding and shaping the firm's business and client service strategies.



TXCO Resources Inc. v Peregrine Petroleum, LLC, Adversary Case No. 09-05125-rbk, the United States Bankruptcy Court for the Western District of Texas, San Antonio Division.
Trial counsel to post confirmation TXCO Resources, Inc., a publicly traded exploration and production (E&P) company in successful prosecution of trade secret misappropriation claims against Peregrine Petroleum, LLC.  Following a 41-day trial, the Court awarded judgment in favor of RTXCO (Reorganized through Chapter 11) on its claims for misappropriation of trade secrets and entered a multi-million dollar damage award.

In re The Heritage Organization, Chapter 11 Bankruptcy Case No. 04-35574, pending in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division
Dykema is special litigation counsel to the chapter 11 trustee, Dennis Faulkner, in this adversary proceeding. The trustee retained us to prosecute avoidance actions, fraud actions and various D&O actions against the former officers and professionals who worked for The Heritage Organization. In January 2009, Deborah was co-counsel in a two-week trial which ultimately resulted in a Judgment in favor of the Trustee for $61 million. Faulkner v. Kornman (In re Heritage Org. L.L.C.), 413 B.R. 438 (Bankr. N.D. Tex. 2009)

Bankruptcy and Restructuring — Energy

In re TXCO Resources Inc., Chapter 11 Bankruptcy Case No. 09-51807, pending in the United States Bankruptcy Court for the Western District of Texas, San Antonio Division
Lead counsel to an exploration and production company who were Debtors in jointly administered chapter 11 bankruptcy case. Dykema began to assist TXCO’s management in negotiations with their lenders beginning in March 2009. Once a commitment for post-petition financing was obtained in an amount sufficient to avoid the need for immediate liquidation, Chapter 11 was filed on May 17, 2009. Dykema played an instrumental role throughout the bankruptcy case, including obtaining approval of the $32,000,000 in debtor-in-possession financing over numerous objections, putting in place a sale process, introducing potential purchasers, and ultimately negotiating the terms of a sale for approximately $310,000,000 of significantly all of the assets of debtors, which provided for the payment in full of the creditors’ claims with interest and a multi-million dollar return to equity.

In re Flying J Inc., et al., Chapter 11 Bankruptcy Case No. 08-13384 (MFW), pending in the United States Bankruptcy Court for the District of Delaware
Counsel to a member of the Official Committee of Unsecured Creditors.

Creditors’ Committee counsel in the Fort Worth bankruptcy cases of an international generator and marketer of electricity.

In re Aloha Airlines, Inc., Case No. 08-00337; Chapter 7 bankruptcy case pending in the United States Bankruptcy Court for the District of Hawaii, Honolulu Division
We represented a multi-national maintenance, repair and overhaul company in connection with its claims against Aloha Airlines.

Bankruptcy and Restructuring — Healthcare

In re Fort Worth Osteopathic Hospital, Inc., dba Osteopathic Medical Center of Texas, Case No. 05-41513, Chapter 7 bankruptcy cases pending in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division
We represented MBIA Insurance Corporation (“MBIA”) in connection with the default, foreclosure and chapter 7 bankruptcy of the last osteopathic hospital in the state of Texas. MBIA was the insurer of over $70,000,000 in unsecured bond obligations. This case involved issues related to the bankruptcy of a not-for-profit corporation and related for-profit affiliates, some of whom were co-debtors. Other issues included potential liability of former officers, directors and advisors to the not-for-profit corporations and analysis of potential claims, and defense of a third party claim brought against MBIA ultimately resulting in a dismissal of the claims against MBIA.

Representation of a multi-state nursing and assisted living company in connection with its re-structuring of secured obligations.

Bankruptcy and Restructuring — Retail

In re Hardwood P-G, Inc., Custom Forest Products, Ltd., and Customer Forest Transportation, Inc., Chapter 11 bankruptcy cases jointly administered under Case No. 06-50057, pending in the United States Bankruptcy Court for the Western District of Texas, San Antonio Division
The Firm was counsel to the secured lender, Webster Business Credit Corp.

Counsel to a Chapter 11 trustee, a non-bank trustee, of an Austin-based e-commerce company and multi-state mortgage originator.

Representation of a Chapter 11 bankruptcy estate in sale and licensing of intellectual property assets.

Creditors’ Committee counsel in the Austin bankruptcy case of the parent company of multi-national restaurant chains.

Liquidating Trustee and Creditors’ Committee counsel in AgriBioTech, Inc., a Las Vegas bankruptcy case of an international developer and distributor of turf and forage seeds.

Debtor’s counsel for Avado Brands, Inc. in the Dallas case of two multi-state restaurant chains.

Debtor’s counsel for a multi-state pharmacy franchisee in a pre-packaged bankruptcy.

Investor Oversight Board (“IOB”) for I.G. Services, Ltd. (“IGS”) and IWG Services, Ltd. (“IWG”) pursuant to the Joint Plan of Liquidation proposed by Len B. Blackwell for IGS and IWG which filed for bankruptcy in the United States Bankruptcy Court for the Western District of Texas, San Antonio Division and in the Grand Court of the Cayman Islands
We represented the post-confirmation Investment Oversight Board (“IOB”) which consisted of Mexican investors. We advised the IOB with regard to the pursuit of claims and causes of action.

Bankruptcy and Restructuring — Real Estate

In re Villaje Del Rio, Ltd., Case No. 06-50797, Chapter 11 bankruptcy case in the United States Bankruptcy Court for the Western District of Texas, San Antonio Division
The Firm represented Colina Del Rio, LP in connection with its role as an assignee of a non-recourse note secured by an uncompleted, multi-million dollar, mixed-use development property. Issues involved liability of assignee for alleged claims and causes of action asserted against the original holder of the note in connection with construction of property, including the ability to offset, prohibit or limit rights of secured creditor’s credit bid and opposition to attempts by the secured lender to foreclose the property. Representation included defending an appeal to the Fifth Circuit on an issue of first impression. Villaje Del Rio, Ltd. v. Colina Del Rio, LP (In re Villaje Del Rio, Ltd.), 283 Fed.Appx. 263 (5th Cir. June 25, 2008).

In re Joseph D. Milanowski, Case No. 07-13162, Involuntary Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the District of Nevada
We were lead counsel in the representation of the Chapter 11 Trustee, Ford Elsaesser in the case of Joseph Milanowski. Mr. Milanowski was a principal in three entities which brokered commercial mortgages and/or acquired commercial properties around the United States. Contingent and liquidated liabilities exceeded $300,000,000.

Creditors’ Committee counsel in the Corpus Christi bankruptcy case of an international distributor of rice.

Asset Acquisition

Dee Howard Aircraft
Our client, a Singapore-based aviation maintenance company, acquired leasehold interests and assets out of a bankruptcy estate. We assisted our clients in the initial bid proposal, negotiation through auction and closing of this transaction. We also guided our client through the complex regulatory and national-security related requirements.

Acquisition of Assets from Financially Distressed National Retailer of Computer Equipment and Software
We assisted our client, an international telecommunications/media company, in its acquisition of certain assets from a financially distressed national retailer of computer equipment and software used in its computer services division. We worked closely with company counsel to evaluate insolvency risk and structure the transaction to reduce the risk to our client.

Fairchild Aircraft
Lead counsel for the Buyers in the acquisition of the various assets, including a commuter aircraft manufacturer and airline maintenance, repair and overhaul facility.

In re Physicians Specialty Hospital of El Paso East, LP, Case No. 07-30633, Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the Western District of Texas, El Paso Division
Our client was the purchaser of a hospital in El Paso.

Fee Examiner

Professional fee examiner in El Paso Refinery.

Plan Mediator

Plan Mediator for Cordillera, a golf resort and development in Colorado.

Memberships & Involvement

  • State Bar of Texas, Bankruptcy Law Section, Chair, 2006-2007
  • Texas Bar Foundation, Life Fellow

  • American College of Bankruptcy, Fellow (1998) and Director, 2013-present 

  • American Bankruptcy Institute, President, 1997-1998

  • US Mexico Bar Association, Board of Directors, 2008-2013

  • American Board of Certification, Treasurer, 2007

  • Texas Board of Certification, Bankruptcy Law Commission, Chair, 2003-2006

  • American Bar Association Litigation Section, Bankruptcy and Insolvency Litigation Committee, Chair, 2010-2013

  • Former Dykema Managing Director

  • Dykema Management Advisory Committee

Community/Civic Activities

  • San Antonio Public Library Foundation, former Director and Member of the Executive Committee
  • Hope for the Future, Board Member, 2015 - Present

  • Recognized by S.A. Scene in “San Antonio’s Outstanding Women in Law” 2021
  • Named to "Lawdragon 500 Leading U.S. Bankruptcy & Restructuring Lawyers," 2020
  • Recognized by San Antonio Magazine in "San Antonio's Top Attorneys" for Bankruptcy & Workout, 2019 and 2020
  • Recipient of the San Antonio Business Journal 's 2019 Outstanding Lawyers Award 
  • Martindale-Hubbell® AV® PreeminentTM Peer Review Rating, 1993-present
  • Finalist in Bankruptcy for the "Go-To-Guide," Texas Lawyer, 2007 and 2012
  • American Bankruptcy Institute, "Lifetime Achievement Award", 2011
  • Named "San Antonio Bankruptcy & Creditor-Debtor Rights Lawyer of the Year," The Best Lawyers In America®, 2011
  • Recognized in The Best Lawyers in America® for Bankruptcy and Creditor Debtor Law, Insolvency and Reorganization Law, 1995-Present. Copyright 2015 by Woodward/White, Inc., Aiken, SC
  • Recognized in Texas Super Lawyers® for Bankruptcy: Business, 2003-Present
  • Selected for inclusion in the "Top 50 Women Lawyers in Texas," Law and Politics Magazine, 2003-2013
  • Selected for inclusion in the "Top 50 Women Lawyers in Texas" Texas Super Lawyers®, 2017, 2019
  • Selected for inclusion in the "Top 50 Lawyers in Central and West Texas," Texas Super Lawyers®, 2003-2013, 2015, 2017-2020
  • Selected for inclusion in the "Top 100 Lawyers in Texas," Law and Politics Magazine
  • Selected for inclusion as a "Top Lawyer," Corporate Counsel® - January 2010 Annual Guide
  • Named a Leading Bankruptcy/Restructuring Lawyer by Chambers USA, 2006-2021
  • Chambers USA, America's Leading Business Lawyers, Insolvency/Corporate Recovery - Texas, 2003-2013
  • "Texas Super Lawyer," Texas Monthly, 2014
  • Euromoney Guide to Leading U.S. Insolvency Lawyers 
  • Recognized by S.A. Scene in "San Antonio's Best Lawyers," Bankruptcy
  • Recipient of the Michelle A. Mendez Award of Excellence for outstanding service to the Bankruptcy Law Section, 2017
  • Strathmore's Who's Who
  • Who's Who in America
  • Who's Who in American Law
  • Who’s Who Legal: Texas