Stephen P. Steve Strohschein

Stephen P. Steve Strohschein

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

4.0 (1 reviews)
New Orleans, Louisiana
44+ years experience
Hinshaw & Culbertson LLP
Updated:

Contact Information

400 Poydras Street, Suite 3150, New Orleans, LA 70130
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Bio

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

Practice Areas

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Awards & Recognition

  • Lawyer of the Year: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, New Orleans (2023)
  • Lawyer of the Year: Litigation - Bankruptcy, New Orleans (2022)
  • Lawyer of the Year: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Baton Rouge (2018)
  • Lawyer of the Year: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Baton Rouge (2016)
  • Lawyer of the Year: Litigation - Bankruptcy, Baton Rouge (2014)
  • Recognized: Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Recognized: Litigation - Bankruptcy
  • Practice Area: Litigation - Banking and Finance
  • Special Focus: Banking
  • Special Focus: Chapter 12
  • Special Focus: Commercial
  • Special Focus: Creditors' Rights
  • Special Focus: Energy
  • Special Focus: Health Care
  • Special Focus: Litigation
  • Special Focus: Oil and Gas
  • Special Focus: Real Estate
  • Special Focus: Workouts and Restructurings
  • Martindale-Hubbell™ AV Preeminent® Peer Review Rated Lawyer
  • Baton Rouge Litigation - Bankruptcy "Lawyer of the Year," Best Lawyers in America®, 2014
  • Chambers USA Louisiana / Bankruptcy/Restructuring
  • Louisiana Super Lawyers (Banking, Bankruptcy & Creditor/Debtor Rights), 2007–2016

Recognized in Best Lawyers since 2006

Education

  • Louisiana State University, J.D., graduated 1981
  • Louisiana State University, B.S., graduated 1978

Reviews

L

Linda Lopez

2 weeks ago

A seasoned expert who navigated a complex commercial loan workout

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.

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