Goosmann Law Firm is pleased to announce Partner Elizabeth M. Lally has been appointed a Subchapter V, Chapter 11 Bankruptcy Trustee by the United States Department of Justice. As a Subchapter V, Chapter 11 Trustee, Ms. Lally will have the opportunity to monitor the business operations and expenses of select businesses who have filed for Subchapter V bankruptcy protection as well as working with debtors in possession, secured lenders and other creditors to build consensual plans of reorganization.  Ms. Lally’s territory is Region 12, which includes parts of Iowa and South Dakota.

Ms. Lally is a complex banking litigator and banking/bankruptcy practice area leader at the Goosmann Law Firm. She has experience representing Chapter 11 debtors, Chapter 7 and 11 Trustees, secured creditors, and unsecured creditor committees, and enjoys helping her clients navigate the often difficult world of corporate insolvency and restructuring.

Throughout her career, Ms. Lally was special litigation counsel to the Chapter 7 Panel Trustee in one of the largest cattle Ponzi schemes in the history of the United States. Ms. Lally also served as counsel to the Chapter 7 Trustees for the only two bank holding company bankruptcies filed in Indiana during the Great Recession—In Re: Irwin Financial Corporation and In Re: Integra Bank, N.A.

Ms. Lally is licensed to practice in Nebraska, Iowa, Illinois, and Indiana.

About Goosmann Law Firm

The Goosmann Law Firm helps business leaders win disputes, protect their wealth, and spend time on what’s worth it. They are one of the fastest growing law firms in the United States with locations in Omaha, Nebraska, Sioux City, Iowa, and Sioux Falls, South Dakota. To learn more about the Goosmann Law Firm, visit their website at or call (855) 843-4531.


Subscribe Our Blog

Posts by Topic

DISCLAIMER: The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. By visiting this website, blog, or post you understand that there is no attorney client relationship between you and the Goosmann Law Firm attorneys and website publisher. No information contained in this post should be construed as legal advice from Goosmann Law Firm, PLC, or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.