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Gary Lyon

Gary Lyon McKinney Bankruptcy AttorneyGary G. Lyon focuses his attention in the areas of Bankruptcy, Commercial and Business Law, Strategic Business and Asset Protection Planning. For 19+ years, from 1986 to 2006, he was employed by the Federal Deposit Insurance Corporation as a Senior Litigation and Bankruptcy Attorney, responsible for the resolution of assets obtained from failed financial institutions. In that capacity, he regularly was responsible for bankruptcy and litigation matters involving millions of dollars in assets and over 400 cases per year involving everything from individuals to businesses with multi-million dollar annual sales. He has served as Creditor's Committee Counsel for several businesses, and as a workout specialist for several bankrupt oil and gas businesses. From 2006 to present, Mr. Lyon was working actively as a legal consultant and financial adviser to a number of individuals and businesses.

Today, Mr. Lyon represents businesses and individuals with financial difficulties, including those seeking bankruptcy protection under the reorganization provisions of Chapters 11 and 13 and in liquidation proceedings under Chapter 7 of the Bankruptcy Code. He also helps business and individual creditors to protect their rights in and out of bankruptcy. He regularly appears in the United States Bankruptcy Court and United States District Court. He is called upon on a regular basis to be a speaker or seminar panelist discussing topics of interest to the bankruptcy bar, the financial planning profession and the accounting profession.

In a synopsis, if you or your business is facing constant telephone calls from creditors asking, “When can we expect payment?”, or you are dealing with the loss of one or more incomes in your family, or finally, are you dealing with a devastating medical situation that has affected you or a family member, then I have real solutions and answers that can relieve the stress, concerns and worries that plague you. Having handled thousands of bankruptcies for creditors, I know how they think, and having handled hundreds of bankruptcies for businesses and individuals, I know the difficulties that you deal with daily. Each of these uniquely enables me to help you and provide real solutions.

Gary and his wife, Rachel, have lived in Collin County, Texas since 2003. He is active in his church, as well as a Local Coordinator for Academic Year in America which allows high school aged foreign exchange students to study for a year in the United States.

Work Experience:


Bankruptcy and Commercial Practice

Areas of Practice

Bankruptcy and Creditor's Rights

Business Law

Commercial Law and Litigation

Financial Planning

Domestic Asset Protection


70% of Practice Devoted to Bankruptcy


Oklahoma, 1982

U.S. District Court, Western District of Oklahoma, 1982

U.S. District Court, Eastern District of Oklahoma, 1984

U.S. District Court, Northern District of Oklahoma, 1984

U.S. Court of Appeals, 10th Circuit, 1984,

United States Supreme Court, 1984

U.S. District Court, Northern District of Texas, 1993

U.S. District Court, Eastern District of Texas, 1994

U.S. District Court, Southern District of Texas, 2000

U.S. Court of Appeals, 2d Circuit, 2004

U.S. Court of Appeals, 6th Circuit, 2004

U.S. District Court, District of New Hampshire, 2000

U.S. District Court, Middle District of Tennessee, 2000

U.S. District Court, Western District of Tennessee, 2000


J.D., University of Oklahoma College of Law – Norman, Oklahoma 1982

B.S., Oklahoma State University, Stillwater, Oklahoma 1977

Representative Cases:

In re Charles J. Bazarian, Case Number 87-03927, United States Bankruptcy Court for the Western District of Oklahoma (Involuntary bankruptcy commenced against bank financier)

In re Ondova Limited Company, Case Number 09-34784-sgj, United States Bankruptcy Court for the Northern District of Texas (an internet domain registrar – issues involving bankruptcy, internet commerce, asset protection, off-shore trusts)