Tom Beckett uses his deep experience in bankruptcy and insolvency law to help clients resolve commercial and financial disputes successfully and efficiently through litigation, negotiation, and/or mediation.
J. Thomas Beckett
Tom Beckett is a shareholder of Parsons Behle & Latimer. He works in the firm’s litigation practice group and practices primarily in commercial litigation. Mr. Beckett is head of the firm's bankruptcy practice group, and he has been trained as a mediator at the Harvard Law School’s Program on Negotiation.
For several years following the Great Recession, Mr. Beckett represented creditors’ committees in the bankruptcies of numerous high-end luxury resorts in Utah, Nevada, and Montana. Notably, in the Yellowstone Mountain Club bankruptcy matter, as counsel to the Creditors Committee, he obtained the equitable subordination of a $370 million secured loan to enable unsecured creditors to be paid first.
Over the length of his career, Mr. Beckett has represented a diverse group of clients in Chapter 11 bankruptcies: debtors, committees, committee members and committee chairs; trustees and receivers; secured and unsecured creditors; bondholders, equity holders, and royalty holders; asset acquirers, equipment lessors, Ponzi scheme victims, employees, and independent contractors.
He has represented clients in all manner of bankruptcy and creditor rights issues including commercial litigation in state and federal courts, out-of-court workouts, equitable subordination, lift stay, plan confirmation, secured and unsecured financing, exculpation clauses, force majeure clauses, case conversion, allegations of bad faith and alter-ego and non-dischargability.
Prior to joining Parsons Behle & Latimer, Mr. Beckett was an associate in the financial workout department of Milbank, Tweed, Hadley & McCloy in New York City. He remains an active member of the New York State Bar Association.
Mr. Beckett’s work experience includes one year on the staff of the U.S. Senate Judiciary Subcommittee on Constitutional Rights. He recently completed three terms as chairman of the Board of Directors of Clark Planetarium. He currently serves on the Utah Supreme Court’s Ethics and Discipline Committee and has maintained a whitewater river guide's license and wilderness first responder certification for more than 30 years.
In re Vidangel, Inc., U.S. Bankruptcy Court, Utah
In re Yellowstone Club, In re Promontory Club, etc., U.S. Bankruptcy Courts in Montana, Utah and Nevada
Harvard Law School’s Program on Negotiation, October, 2019
“Mediating Disputes,” 40+ hours of mediator training
New York University School of Law (J.D., 1986)
New York University Stern School of Business Administration (M.B.A., 1986)
Finance Major, Lewis L. Glucksman Scholar
Brown University (B.A., 1979)
Thomas J. Watson Fellowship
Listed in Best Lawyers in America
Named Best Lawyers in America 2021 "Lawyer of the Year" for Litigation - Bankruptcy, Salt Lake City
Martindale-Hubbell AV® Preeminent™ rating
Mountain States SuperLawyers, Business Litigation and Creditor Debtor Rights
Past member, American Bankruptcy Institute, Rocky Mountain Advisory Board
Board member and Board chair, Clark Planetarium
Member, Utah State Bar Ethics and Discipline Committee, appointed by the Utah Supreme Court
"Best Lawyers" Ranks 56 Parsons Attorneys as Top in Intermountain West
Parsons Behle & Latimer Attorneys Recognized by Best Lawyers in America™. Fifty attorneys recognized: nine as “Lawyer of the Year,” five as “Ones to Watch”
U.S. Bankruptcy Trends
The COVID-19 Crisis: How Deep, How Long, and Its Impact on Bankruptcy Filings