Bankruptcy, Restructuring & Workouts

How We Can Help You

SOLUTION

Goosmann Law Firm represents local, regional and national companies in a variety of bankruptcy and creditors’ rights matters, from the complex to the routine, in both business and consumer bankruptcy situations. Our attorneys help obtain relief from the automatic stay provisions of the Bankruptcy Code, obtain adequate protection for the use of secured creditors’ collateral, and reaffirmation of debts, as well as more complex matters such as bankruptcy sales, plan negotiation, and debtor-in-possession financing.

Goosmann lawyers represent clients in complex corporate bankruptcy cases, debt restructurings and related litigation matters. Our team of bankruptcy and restructuring attorneys regularly represent corporate debtors, secured and unsecured creditors, landlords, bankruptcy trustees, private investment funds, buyers of distressed debt/businesses and unsecured creditors' committees.

Goosmann Sioux City, Omaha, Spirit Lake, and Sioux Falls lawyers also advise corporate clients with insolvency and debt restructuring during business bankruptcies under Chapters 7, Chapter 11, and Chapter 12 reorganization, out-of-court workouts, and bankruptcy litigation. Our commercial bankruptcy attorneys perform these services both within and outside formal insolvency proceedings.

What we offer

Restructuring and Insolvency

Our primary goal is to help our corporate clients avoid bankruptcy through the negotiation of out-of-court loan restructurings and “workouts.” When bankruptcy simply cannot be avoided, our Sioux City, Sioux Falls, Spirit Lake, and Omaha attorney teams are here to navigate our clients through the complex waters of bankruptcy court.

Our attorney team provides transactional and litigation services to corporate entities, secured lenders, trustees, receivers, unsecured creditors, official creditor and equity security holder committees, landlords, buyers and sellers of assets, lessors, lessees, investors and insurers.

  • Chapter 11 reorganization
  • Chapter 7 liquidation
  • Chapter 12 reorganization
  • Loan restructuring
  • Commercial workouts
  • Asset recovery and foreclosure
  • Debtor/creditor litigation
  • Dissolutions and winding-up of business entities
  • Breach of fiduciary duty
  • Contested confirmation hearings
  • Cash collateral hearings
  • Fraudulent transfers
  • Preferential transfers
  • DIP financing hearings
  • Appointment of trustee or examiner
  • Complex claims objections
  • Assumption or rejection of executory contracts
  • Adversary proceedings
  • Asset sale

FAQ

Problems & How We Solve Them

"The deal is threatening to go ‘bad’. What can I do to protect my position as a creditor?”

It can be incredibly frustrating to be waiting on payments from someone and we understand your frustration. Often times the deal can be restructured into terms that all parties can handle. Let us help you create a plan and make sure that you get the money you are entitled to. Call us today!

“My borrower has threatened to file bankruptcy. What do I do now?”

Most credit managers have had a borrower file or threaten to file for bankruptcy if legal action is pursued. Don’t let this be you! Call a Sioux Falls, Sioux City, Spirit Lake, or Omaha attorney today to better understand your rights regarding bankruptcy!

Goosmann Law Firm YouTube Channel

  • What Happens During a Personal Guarantee in Bankruptcy
  • Business Money Trail
  • Business Finances: 4 Ways to Stay in the Black
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Learn More About Goosmann Law

We help protect what you work hard for.