Through its Bankruptcy Practice Group, Looney & Grossman excels as one of the preeminent Massachusetts law firms engaged in sophisticated and complex workouts, reorganizations and liquidations. Looney & Grossman represents clients in bankruptcy court proceedings, assignments for the benefit of creditors and a variety of out-of-court workouts, compositions and restructurings. The attorneys act on behalf of debtors, trustees, receivers, creditors, creditor committees and investors seeking to acquire distressed assets. Also, the attorneys counsel individuals and business in solving complex financial problems and in developing creative solutions, often incorporating asset protection strategies.

Stewart F. Grossman has distinguished himself in serving as Federal Court Trustee and State Court Receiver in hundreds of cases. As a member of the panel of trustees for the United States Bankruptcy Court in Boston, he received the "Trustee of the Year Award" consecutively in 2002 and 2003 from the United States Justice Department – U.S. Trustee’s Office in Boston.

The Bankruptcy Practice Group offers its clients a unique, multidimensional perspective in problem solving. Because the attorneys regularly represent trustees, they are able to develop effective defense strategies for clients facing a trustee’s or a debtor’s lawsuit. In addition, since the attorneys also have broad experience representing debtors and creditors, they can expertly navigate the complexities of Chapter 11 to enhance the likelihood of a successful outcome, be it the reorganization of a business, recovery on a claim or acquisition of a distressed company.

Looney & Grossman LLP occasionally represents consumer debtors in filing for bankruptcy relief under the United States Bankruptcy Code. As such L&G is a debt relief agency as defined in the Code.