Scott Alsterda concentrates his practice on counseling and litigation in pursuit of his clients’ business interests and opportunities in financially troubled situations. He also serves as a Chapter 7 trustee in commercial and consumer bankruptcy cases.
I focus my practice on a variety of issues including enforcement of contract rights, pursuit of claims and remedies against third parties, defense of claims against my clients and the pursuit of business interests and opportunities in the insolvency arena. My service as a Chapter 7 bankruptcy trustee includes investigating the financial dealings of debtors and liquidating or recovering assets for distributions to creditors.
I represent business entities and individuals in a wide array of insolvency, restructuring, workout and bankruptcy cases. I work with secured lenders, landlords, owners, vendors, buyers, insurance companies, municipalities, creditors’ committees, trustees and debtors. I have been involved in cases in a variety of sectors from commercial lending and real estate to manufacturing and hospitality, among others.
I am following closely the mounting financial challenges faced by municipalities, student loan lenders and gaming interests. Anticipating the timing and impact of failures of these interests and developing strategies to reduce the risks to clients is my goal.
Journal of Bankruptcy Law | March 01, 2022
Chicago Corporate counsel Scott Alsterda contributed this article on the unique challenges that face cannabis companies experiencing financial insolvency and potential non-bankruptcy alternatives available to them.
John Marshall Law School, J.D., with Distinction
Bowdoin College, B.A.
U.S. District Court, Northern District of Illinois
U.S. District Court, Central District of Illinois
U.S. District Court, Southern District of Illinois
U.S. Court of Appeals, Seventh Circuit
Supreme Court of Illinois