G. Blaine Schwabe, III

G. Blaine Schwabe, III is of counsel in the Oklahoma City office of GableGotwals. For more than four decades, Blaine has been widely-known for his expertise in commercial litigation, bankruptcy, and insolvency law, having guided numerous clients though difficult and complex civil litigation, business bankruptcy and receivership cases across a wide range of industries. His cases have included issues of reorganization, liquidation, exit financing, competing creditor claims, offset litigation, breach of fiduciary duty, statutory and court-appointed receivers, foreclosure actions, lien enforcement actions and other various complexities. Blaine understands the intricacies of debtor-creditor and insolvency litigation from both the debtor and creditor perspective, as well as committees, giving him unique insight into these difficult cases.

He received his J.D. from the University of Oklahoma College of Law in 1974. He is a member of the Order of the Coif and served as Editor of the Oklahoma Law Review. Blaine has also served as Adjunct Professor of Law at the Oklahoma City University College of Law and as special lecturer in law at the University of Oklahoma College of Law. Blaine is a Fellow of the American College of Bankruptcy (Fellows Class 3; Board of Directors (2009-2015); 10th Circuit Regent (2005-2009); and listed in Oklahoma Super Lawyers (since 2006). He has been included in The Best Lawyers in America since 1983 (currently, practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Bet-the-Company Litigation and Commercial Litigation). He serves as a Director and past-Chairman of the Bankruptcy and Reorganization Section of the Oklahoma Bar Association, and on the Local Rules Committee for the United States Bankruptcy Court for the Western District of Oklahoma.

In addition to being a member of the bar in Oklahoma, of all Oklahoma federal district courts and the United States Court of Appeals for the Tenth Circuit, Blaine is licensed to practice before the United States Supreme Court and in the State of Maine.

Blaine has been active in community activities, is currently a member of Rotary Club of Oklahoma City (Club 29) and serves as a member of the Alumni Board of Leadership Oklahoma City. He is also a member of Oklahoma City Golf & Country Club.

Examples of Blaine’s most recent experience includes:

  • Counsel for continuum of care senior community as debtor-in-possession in chapter 11 bankruptcy case involving bond financing, tort judgment claim and other creditor interests resolved by confirmed reorganization plan
  • Counsel for multiple employer welfare benefit plan as debtor-in-possession in complex chapter 11 bankruptcy case, concluding with confirmed plan within one year of case commencement, and post-confirmation counsel for liquidation trustee
  • Counsel for unsecured creditors committees in chapter 11 cases and in post-confirmation plan litigation
  • Representation of parent company of Oklahoma domiciled life insurance company in rehabilitation proceedings commenced by Oklahoma Insurance Commissioner, as statutory receiver, and related defense of policyholder class action
  • Counsel for debtors-in-possession in jointly administered, substantively consolidated chapter 11 bankruptcy cases of debtors formed to acquire and build-out coast-to-coast broadband network, resulting in confirmed plan and successful post-confirmation litigation through litigation trust
  • Asset-based secured creditor representation in chapter 11 bankruptcy case relating to debtor-in-possession and exit financing.
  • Counsel for competitive local exchange carrier as debtor-in-possession in chapter 11 bankruptcy case, in which plan was confirmed effecting resolution of claims of regional bell operating companies and other incumbent local exchange carriers, and other disputes
  • Representation of bank in bankruptcy cases of debtors in business of credit card debt servicing relating to numerous claims against debtors, issues among competing case creditors and defense of offset litigation resulting in reversal of bankruptcy court in circuit court of appeals decision
  • Counsel for cellular telephone company against regional bell operating company regarding claims for breaches of fiduciary duty and of partnership agreement, resulting in substantial judgment affirmed on appeal to circuit court of appeals
  • Representation of Oklahoma Insurance Commissioner, as statutory receiver, in delinquency proceedings against Oklahoma insurance company with offices in New Jersey, regarding all aspects of receivership, liquidation and claims
  • Farm Credit entities’ representation, including bank for cooperatives, intermediate credit bank, production credit and land bank associations, in litigation, including foreclosures and lien enforcement actions, bankruptcies, administrative and customer criminal proceedings


J.D., University of Oklahoma College of Law, 1974
Order of the Coif

B.B.A., University of Oklahoma, 1970


Martindale-Hubbell Lawyer Ratings

Best Lawyers
Lawyer of the Year-Oklahoma City
Bankruptcy and Creditor Debtor Rights Insolvency and Reorganization Law – 2012

Bankruptcy and Creditor Debtor Rights/ Insolvency and Reorganization Law
Bet-the-Company Litigation
Commercial Litigation

Super Lawyers
Bankruptcy & Creditor/Debtor Rights
Business Litigation


American College of Bankruptcy
(Fellow; Board of Directors)
10th Circuit Regent (2005-2009)
Business Bankruptcy Committee
Secured Creditors and Chapter 11 Subcommittees
American Bankruptcy Institute
Oklahoma Bar Association Bankruptcy and Reorganization Section
(Director and past-Chairman)
United States Bankruptcy Court for the Western District of Oklahoma Local Rules Committee
Tenth Circuit Bankruptcy Appellate Panel Local Rules Committee (past member)


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