Rachael L. Smiley

Attorney / Shareholder

Rachael brings more than a decade of legal experience to FBFK, offering knowledge of all steps of the Chapter 11 reorganization process, including asset sales, plan confirmation and postconfirmation plan administration. She also has experience litigating a variety of disputes, including contested matters and adversary proceedings, plus valuation disputes, claim objections and avoidance actions. Prior to joining FBFK, Rachael was an attorney at the firm of Ross & Smith, where she focused on complex bankruptcy matters. She is an avid reader and enthusiastic supporter of the fine arts, and she taught art history and English at Fort Worth Country Day School in Fort Worth, Texas, before beginning her legal career.

Admitted to Practice

State Bar of Texas
United States District and Bankruptcy Courts for the Northern, Southern, Eastern, and Western Districts of Texas


Southern Methodist University, J. D.
Texas Christian University, B.A.

Recognition, Honors, and Achievements

Best Lawyers® “One to Watch” in 2021 for Insolvency and Reorganization Law
Dallas Bar Association “WE LEAD” Women’s Leadership, Class of 2020
Super Lawyers “Rising Stars” for business bankruptcy in 2018
John C. Ford American Inn of Court, Rochelle Chapter 11 Course John King “Rookie of the Year” Award, 2009
Elliott Cup 5th Circuit Bankruptcy Moot Court Competition – 2008 Champion
Duberstein National Bankruptcy Moot Court Competition – 2008 Finalist (2nd Place) and Outstanding Oral Advocate

Professional Associations & Memberships

Rachael is a member of the American Bankruptcy Institute, the Turnaround Management Association (TMA), and the International Women’s Insolvency & Restructuring Confederation (IWIRC) and has served as Chapter President of the DFW TMA Chapter (2019) and Chair of the DFW IWIRC Network (2020)

Presentations and Published Writings

“What if We Held an Equity Auction and No One Came?,” American Bankruptcy Institute Journal, August 2018, Vol. 37, No. 8