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.

Gambling wins/losses sometimes provide for entertaining reading when combined with the Bankruptcy Code. Recently, the Kansas Bankruptcy Court considered a Small Business Reorganization Act/Subchapter V Debtor’s use of funds to gamble during the pendency of a Subchapter V case.[1]
Continue Reading Debtor’s Post-Petition / Pre-Confirmation Gambling Losses Did Not Rise To Level of “Gross Mismanagement”

In the case of In re Vertical Mac Construction, LLC, No. 21-1520 (Bankr. M.D. Fla. July 23, 2021), Vertical Mac Construction, LLC (“Debtor”) ceased operating its business after several lawsuits were filed against it for shoddy construction. The Debtor’s insurance
Continue Reading Liquidating Business Assets Qualifies as Engaging in Commercial or Business Activities for Purposes of Subchapter V Eligibility