Rachael L. Smiley

Rachael L. Smiley

recognized lawyers icon Recognized in Best Lawyers since 2025
Awarded Practice Areas
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Litigation - Bankruptcy
Works at
FBFK Law

18 Best Lawyers awards

FBFK Law logo

Biography

Rachael Smiley brings more than 15 years of legal experience to FBFK Law and currently serves as Chair of the firm’s Restructuring practice. She advises clients throughout the Chapter 11 reorganization process, including asset sales, plan confirmation, and post-confirmation plan administration.

Rachael also has experience litigating bankruptcy-related disputes, including contested matters, adversary proceedings, valuation disputes, claim objections, and avoidance actions.

Before joining FBFK Law, Rachael practiced with both boutique and large law firms. She also worked in the Office of Supply Chain Management at UT Southwestern Medical Center, where she negotiated and drafted business agreements for the university and its hospitals. That experience gave her insight into the complex financial and procurement systems that support the healthcare industry.

Rachael has been recognized in Best Lawyers: Ones to Watch and The Best Lawyers in America® from 2021 through 2025 for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. She has also been named a Texas Super Lawyer for Business Bankruptcy from 2022 through 2024.

Works at
FBFK Law

18 Best Lawyers awards

FBFK Law logo

Locations

Education

  • Southern Methodist University, JD, graduated 2008
  • Texas Christian University, BA, graduated 1999

Bar Admissions

  • Texas, 2008

Court Admissions

  • United States District Court, Northern District of Texas
  • United States Bankruptcy Court, Northern District of Texas
  • United States District Court, Eastern District of Texas
  • United States Bankruptcy Court, Eastern District of Texas
  • United States District Court, Southern District of Texas
  • United States Bankruptcy Court, Southern District of Texas
  • United States District Court, Western District of Texas
  • United States Bankruptcy Court, Western District of Texas

Affiliations

  • American Bankruptcy Institute - Member, Asset Sales Committee
  • Dallas Bar Association, Bankruptcy and Commercial Law Section - Member
  • DFW Association of Young Bankruptcy Lawyers - 2013 President
  • IWIRC (International Women's Insolvency & Restructuring Confederation) - 2020, Chair, DFW Network
  • John C. Ford American Inn of Court - Member
  • Turnaround Management Association (TMA) - 2019, Chapter President, TMA DFW
  • Turnaround Management Association (TMA) - Global Board of Trustees

Client Testimonials

Awards & Focus

Recognized in The Best Lawyers in America® 2026 for work in:
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Litigation - Bankruptcy
Recognized in Best Lawyers: Ones to Watch® in America from 2021-2024 for work in:
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law - 2024
  • Litigation - Bankruptcy - 2024
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law - 2023
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law - 2022
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law - 2021
Additional Areas of Practice:
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Awards:
  • SuperLawyers "Rising Star" 2018
  • John C. Ford American Inn of Court, Rochelle Chapter 11 Course, John King "Rookie of the Year" Award, 2009
  • Duberstein National Bankruptcy Moot Court Competition, 2008 Finalist (2nd Place) and Outstanding Oral Advocate
  • Law360 Bankruptcy Editorial Board Member, 2021

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