Ask LLPBack to homepage

Joseph L. Steinfeld, Jr.

Joseph L. Steinfeld, Jr. is a managing Partner of ASK LLP resident in the Saint Paul office. Since 2000 ASK has recovered more than $250 million in avoidance claims, filed approximately 18,000 suits and under his supervision has tried over 30 cases to judgment. In addition Mr. Steinfeld has a national commercial law practice with a broad base of clients involved in significant bankruptcy cases in the major bankruptcy venues of New York, Delaware, Chicago, Dallas, Atlanta, Miami, Los Angeles and San Francisco.

Mr. Steinfeld is also responsible for the firm's transactional activities and for the marketing of its services to clients. He leads client assignments for the firm and is nationally recognized in the bankruptcy field. Mr. Steinfeld has more than 30 years' experience in the bankruptcy, insolvency, commercial and administrative law fields and is a regular lecturer at CLE seminars offered at bar and professional association conferences and at private firms. He has published numerous articles relating to transportation and bankruptcy law and is a frequent lecturer on avoidance law and commercial litigation issues. Mr. Steinfeld's client base affords him access to creditor committees, trustees and professionals involved in the most significant bankruptcy cases. He has served as expert witnesses on the valuation of avoidance claims and has published several articles in the ABI Journal during the past year. He has engaged in more than 100 mediations representing plaintiffs and defendants.

Mr. Steinfeld has extensive litigation and appellate experience and has argued cases before hundreds of district and bankruptcy courts, almost all U.S. Courts of Appeal and has won numerous multimillion dollar verdicts. As primary counsel for the Liquidating Trustee of Montgomery Ward he led a team of eight attorneys and recovered over $40 Million for the benefit of creditors. He performed a similar function for the Liquidating Trustees of Hechinger and the Quebecor World Litigation Trust where he has collected more than $50 Million for each estate. His is currently lead avoidance counsel in many other major cases including, Jennifer Convertibles, Rhodes Furniture, PPI Holdings, Ascendia Brands, Tom's Foods, Radnor Holdings (Wincup), Tower Automotive, New Century Finance, Alliance Bancorp, WCI Communities, Jet Direct, Maxjet, and American Business Financial Services, Inc. He has been primary counsel in more than one hundred published opinions including before the United States Supreme Court, where he argued the case of Reiter v. Cooper, 507 U.S. 258 (1993).

Prior to joining ASK LL P Financial in 1996, he was a partner in several Washington, D.C. law firms.

Education:

Mr. Steinfeld earned his legal degree from George Washington University, (J.D. 1979), with high honors and his undergraduate degree from the University of Pennsylvania, (B.A. 1976, Magna Cum Laude).  

Affiliations:

Mr. Steinfeld is admitted to bars of Virginia, District of Columbia, and Minnesota. He is a Life Time Sustaining Member of the American Bankruptcy Institute, the New York Institute of Credit and the Turnaround Management Association. 

Practice areas:

Bankruptcy and Litigation.

Publications:

Joseph L. Steinfeld, Jr. & Brigette McGrath, Preferences and Credit Card Transactions: A Catch-22 for Creditors, or a Fair Recovery for the Debtor’s Estate?, ABI UNSECURED TRADE CREDITORS COMMITTEE NEWSLETTER, November 2014.

Joseph L. Steinfeld, Jr. & Kara E. Casteel, Critical-Vendor Creditors May Now Double-Dip on New Value, 33 ABI JOURNAL 3, March 2014.

Joseph L. Steinfeld, Jr. & Kara E. Casteel, Preference Period Transfers Must Be Compared When Debtor Was Healthy, 31 ABI JOURNAL 8, Sept. 2012.

Joseph L. Steinfeld, Jr. & Kara E. Casteel, Friedman's Improperly Adds Requirement that New-Value Analysis Closes at Petition Date, 31 ABI JOURNAL 2, p. 42, March 2012.

Joseph L. Steinfeld, Jr. & Gregory S. Abrams, New Value and Reclamation Post-BAPCPA: How §503(b)(9) (Twenty-Day Claims) Has Cut a Slice Out of the Preference Pie, 26 ABI JOURNAL 1, p. 28, Feb. 2007.

Joseph L. Steinfeld, Jr., Gregory S. Abrams & Joseph A. Hess, Prosecuting Preference Actions Post-BAPCPA: Another View Toward a Reliable Statistical Model, 25 ABI JOURNAL 10, p. 54, Dec./Jan. 2007.

Contact Information:

Phone: 651.289.3850
Email: jsteinfeld@askllp.com

People

News & Events

  • August 2015

    Edward Neiger and Alex Govze publish article entitled Protecting Your Interests When a Debtor Is Heading Into Bankruptcy in the Credit Research Foundation Journal. The articles explores several options creditors of soon-to-be bankrupt debtors can protect themselves in the event of a bankruptcy.

    Read more