Attorneys at Klosinski Overstreet, LLP work with clients on all types of business bankruptcy and insolvency issues. Our attorneys have years of experience in dedicating themselves to providing clients with effective, efficient representation. We know how to extract value from distressed financial situations, and use our financial background and experience to help guide your business through the troubled waters of reorganization both outside the bankruptcy law and from within.
Types of Clients Represented
Klosinski Overstreet, LLP represents a wide array of clients. Primarily our clients are secured and unsecured creditors, including trade creditors, special servicers of real estate-backed loans, banks, thrifts, insurance companies, and other business clients. Our attorneys also represent business debtors, bankruptcy committees, bankruptcy trustees, and receivers. Other representative clients include not only the Debtors, but also parties in litigation with debtors, purchasers of assets from bankruptcy estates, landlords, equipment lessors, guarantors, shareholders and post-petition lenders.
Nature of Practice
Klosinski Overstreet, LLP attorneys assist clients in obtaining repayment of debt and recovery of collateral through their knowledge of creditor remedies, debt restructuring techniques, and workout transactions. Our Attorneys have experience in handling virtually every type of issue that arises in bankruptcy reorganization and liquidation cases as well as in receivership cases, plans of arrangement, loan forbearance and extension agreements, and other non-bankruptcy workouts and restructurings. As the practice of bankruptcy law has become more litigation-oriented in recent years, our attorneys’ litigation training and experience have been brought to bear on behalf of clients. Both Jim Overstreet and Scott Klosinski are experienced in litigating contested chapter 11 confirmation proceedings, lender liability claims, preferences and fraudulent transfers, non-dischargeability actions, setoff and recoupment, subordination, adequate protection, priority claims, debtor-in-possession financing issues, valuation disputes, automatic stay and Section 105 injunctions, and many other contested matters and adversary proceedings before Bankruptcy Courts and handling all levels of appeals.
Our lawyers have jury and non-jury trial experience in state and federal district courts, covering a wide variety of commercial matters. Our lawyers also handle guaranty and foreclosure, including wrongful foreclosure litigation.
Klosinski Overstreet is heavily experienced in business and schooled in economics and accounting. Attorneys of the Klosinski Overstreet, LLP are admitted only to practice law, and limit their bankruptcy in South Carolina and Georgia.
Our lawyers regularly function as transactional lawyers, handling such projects as negotiating and drafting real estate and personal property leases, license agreements, management agreements, asset and stock sale agreements, bankruptcy financing documents, reorganization plans and disclosure statements.