Goosmann Law Firm

Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, North Dakota, Minnesota, and Missouri. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law.

Continuing the trend of discharging student loan debt in the Eighth Circuit, Judge Shon Hastings, sitting special designation for the Bankruptcy Court for the District of Nebraska, discharged $89,525.00 of student loan debt of the Debtor, Ms. Mudd noting that Debtor met her “rigorous” burden of establishing undue hardship by a preponderance of the evidence. Analyzing the debtor’s undue hardship claim, the Court examined the unique facts and circumstances of the case and particularly assessed:…
With the election of a new administration and a change in control of the United States Senate, there are expected to be changes to United States tax provisions for businesses and individuals. The changes that will be enacted and when they will be effective are the subject of great debate. However, looking at the proposals from the campaign trail, we are advising businesses and individuals to look at opportunities to position themselves to be agile…
When talking about mechanic’s liens in South Dakota, many business owners are only aware of some steps, but remain unaware of all the steps that can be taken to protect against some of the possible hardships caused by mechanic’s liens. A mechanic’s lien is a legal claim made against real estate by suppliers or contractors that have not been paid for the work performed or materials supplied on a construction project. A prime example –…
Almost a year has passed since the Midwest began feeling the impact of the 2019 novel coronavirus. In the second week of March 2020, dozens of states and local governments began enacting shelter-in-place orders and other restrictive measures. Flash forward two months and students, teachers and parents alike faced horrible disappointment as commencement ceremonies were postponed or cancelled. Millions of cases and hundreds of thousands of deaths have been reported nationwide. While there is no…
Divorce is one of the biggest financial decisions of a lifetime. All assets and debts that accumulated during the marriage will be divided. Parenting time and expenses for children will be set. These decisions impact each party’s financial outcome and holds tax implications for both parties. Having a tax advisor guide you through the divorce process helps avoid any surprises come tax season.…
When a creditor receives a proposed Chapter 11 plan of reorganization in the mail promising the debtor will pay the creditor 100% over time it can be tempting to vote quickly in favor. However, it is important to remember that the plan must be based more on than a hope and a prayer. A mere promise to pay creditors in full is not enough for a plan to be confirmed. Rather, for a plan to…
Divorce is one of the biggest financial decisions of a lifetime. All assets and debts that accumulated during the marriage will be divided. Parenting time and expenses for children will be set. These decisions impact each party’s financial outcome and holds tax implications for both parties. Having a tax advisor guide you through the divorce process helps avoid any surprises come tax season.…
In my blog post from November 2020 I discussed disgorgement of debtor attorney fees under 11 U.S.C. § 329 for excessiveness. The main objective was to remind debtor attorneys that their fees are supervised by the bankruptcy court and to charge a reasonable fee. The same could be said of creditor attorneys. Though bankruptcy courts do not often review creditor attorney fees, they are subject to review if the creditor wishes to recover its attorney…