R. Scott Alsterda

R. Scott Alsterda

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

4.0 (1 reviews)
Chicago, Illinois
45+ years experience
Nixon Peabody LLP
Updated:

Contact Information

70 West Madison Street, Suite 5200, Chicago, IL 60602-4378
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Bio

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.What do you focus on?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. 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.What do you focus on?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. 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. What do you focus on? 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.

Practice Areas

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Awards & Recognition

  • Recognized: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Recognized: Litigation - Bankruptcy

Recognized in Best Lawyers since 2020

Education

  • University of Illinois Chicago, John Marshall Law School, J.D., with Distinction, graduated 1980
  • Bowdoin College, B.A.

Reviews

L

Laura Anderson

2 months ago

Expert guidance through a complex business restructuring

Our mid-sized manufacturing company faced a critical supplier's Chapter 11 filing, which threatened to halt our production line. We engaged Scott Alsterda at Nixon Peabody based on his long-standing recognition in bankruptcy and reorganization law. With 45 years of experience, his strategic counsel was invaluable. He didn't just navigate the legal complexities; he understood our immediate business need to keep operations running. Scott leveraged his deep knowledge of creditor rights to negotiate favorable terms with the debtor-in-possession, securing our supply chain. His perspective, honed from decades in Chicago's legal landscape, was pragmatic and focused entirely on our commercial outcome. The only slight drawback was that during the most intense periods, response times from his team could occasionally lag a day, though Scott himself was always reachable for true emergencies. His distinguished background from John Marshall Law School and his calm, authoritative presence made a stressful situation manageable. We achieved a far better result than anticipated.

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