Circuit city liquidating trust

He truly believes that “your counsel matters,” and listens carefully to client desires and concerns before charting the most effective course.

Steve is particularly skilled in commercial collections for banks and financial institutions, and has successfully litigated heavily contested, multimillion-dollar real/personal property and equity line financing cramdown cases.

Steve, Brutzkus Gubner’s Managing Partner, represents financial institutions, Fortune 500 companies (and their financing divisions), closely held businesses and high net worth individuals in complex bankruptcy and insolvency matters.

He is known in the insolvency arena as the “involuntary bankruptcy go-to lawyer” because of his management of the sensitive issues surrounding involuntary bankruptcy filings, and general business advice he applies to navigate potential pitfalls and solve problems before they occur.

In addition, he is adept in complex bankruptcy insolvency matters.

Steve applies his experience as a business lawyer, and business owner, to each matter in order to effectively achieve the business and legal objectives of his clients.

The 2005 Amendments to the Bankruptcy Code ushered in section 503(b)(9) of the Bankruptcy Code, which grants trade creditors an administrative expense for goods sold to the debtor in the ordinary course of the debtor’s business and that the debtor received within 20 days prior to the commencement date.

Trade creditors also may face preference litigation for payments they received prior to the petition date, but may be able to reduce or eliminate their preference exposure by asserting a “new value” defense under section 547(c)(4) of the Bankruptcy Code (one of the more frequently raised defenses to preference liability).

To reduce or eliminate preference liability under a new value defense, the creditor must have given unsecured new value to the debtor by selling goods or providing services on credit terms after the alleged preference payment but prior to the petition date.

Steve has earned the highest rating (“AV”) for legal ability and ethics by Martindale-Hubbell and is listed in Martindale-Hubbell’s Bar Register of Preeminent Lawyers.

He was named one of “The Top 25 Lawyers of the Valley” and a 2015 “Trusted Advisor” by the San Fernando Valley Business Journal, and has been named a Southern California Super Lawyer every year since 2007.

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