Stephen P. Steve Strohschein
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Create an account to contact this attorney
Commercial lending is the focus of Stephen "Steve" P. Strohschein's practice, providing assistance to lenders of all types – real estate, floor plan, asset based and small business – both with regard to litigating lending issues, handling workouts, foreclosures, collections and bankruptcy matters and also frequently providing assistance with lending transactions, structure and documentation.Steve has been certified by the American Board of Certification as a specialist in the area of Business Bankruptcy Law. He served as a law clerk to the Honorable LeRoy Smallenberger, United States Bankruptcy Court for the Western District of Louisiana from 1981 to 1982.LitigationLitigating commercial lending issues may begin in state or federal court but often end in bankruptcy. If not, there are bankruptcy implications that must be considered whenever suit is brought on a commercial loan. Steve routinely practices in all of these courts and is familiar with the interplay between them.BusinessEven at the time a loan is originated, familiarity with how it may be collected and the implications of a borrower's default and bankruptcy must be considered to properly structure and document the loan. Steve brings a wealth of litigation and bankruptcy experience to his clients that assist in loan documentation and workouts that may never be litigated Commercial lending is the focus of Stephen "Steve" P. Strohschein's practice, providing assistance to lenders of all types – real estate, floor plan, asset based and small business – both with regard to litigating lending issues, handling workouts, foreclosures, collections and bankruptcy matters and also frequently providing assistance with lending transactions, structure and documentation.Steve has been certified by the American Board of Certification as a specialist in the area of Business Bankruptcy Law. He served as a law clerk to the Honorable LeRoy Smallenberger, United States Bankruptcy Court for the Western District of Louisiana from 1981 to 1982.LitigationLitigating commercial lending issues may begin in state or federal court but often end in bankruptcy. If not, there are bankruptcy implications that must be considered whenever suit is brought on a commercial loan. Steve routinely practices in all of these courts and is familiar with the interplay between them.BusinessEven at the time a loan is originated, familiarity with how it may be collected and the implications of a borrower's default and bankruptcy must be considered to properly structure and document the loan. Steve brings a wealth of litigation and bankruptcy experience to his clients that assist in loan documentation and workouts that may never be litigated Commercial lending is the focus of Stephen "Steve" P. Strohschein's practice, providing assistance to lenders of all types – real estate, floor plan, asset based and small business – both with regard to litigating lending issues, handling workouts, foreclosures, collections and bankruptcy matters and also frequently providing assistance with lending transactions, structure and documentation. Steve has been certified by the American Board of Certification as a specialist in the area of Business Bankruptcy Law. He served as a law clerk to the Honorable LeRoy Smallenberger, United States Bankruptcy Court for the Western District of Louisiana from 1981 to 1982. Litigating commercial lending issues may begin in state or federal court but often end in bankruptcy. If not, there are bankruptcy implications that must be considered whenever suit is brought on a commercial loan. Steve routinely practices in all of these courts and is familiar with the interplay between them. Even at the time a loan is originated, familiarity with how it may be collected and the implications of a borrower's default and bankruptcy must be considered to properly structure and document the loan. Steve brings a wealth of litigation and bankruptcy experience to his clients that assist in loan documentation and workouts that may never be litigated
Recognized in Best Lawyers since 2006
Linda Lopez
Our business faced a critical situation when a major borrower defaulted on a substantial commercial real estate loan. We turned to Steve Strohschein at Hinshaw & Culbertson, and his 44 years of experience were immediately evident. His deep focus on commercial lending and creditor rights, underscored by his recent 'Lawyer of the Year' recognitions, gave us immense confidence. Steve crafted a strategic workout plan that was both pragmatic and protective of our interests, skillfully negotiating with the borrower's counsel to reach a favorable resolution. His knowledge of Louisiana law and the local market was invaluable. While his expertise is top-tier, communication response times could occasionally be quicker during non-critical phases. Overall, he is a tremendous asset for any lender navigating complex financial distress.
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law