Kara E. Casteel is a Partner and Head of ASK LLP’s Bankruptcy Litigation practice. Kara represents trustees, committees, and debtors- in- possession in preference analysis and litigation of avoidance actions.
Kara has successfully litigated preference and fraudulent transfer matters in multiple jurisdictions, including the Bankruptcy Courts for the District of Delaware, Southern District of New York, Southern District of Texas, and the Southern District of Indiana. In 2022, Kara obtained a judgment in excess of $3.5 million in a preference trial. Representative matters include the prosecution of avoidance actions in large bankruptcies such as Dean Foods Company, Sears Holdings Corporation, Quebecor World (USA), WP Steel Venture LLC, NewPage Corporation, RS Legacy Corporation fka RadioShack, and hhgregg, Inc.
A Wisconsin native, Kara earned her JD from the University of Minnesota Law School and holds a BA in Political Science and Legal Studies from the University of Wisconsin. Prior to joining ASK LLP, Kara was a law clerk to the Honorable Casey Christian and Honorable Joseph Bueltel in the Third Judicial District of Minnesota. Before her judicial clerkship, Kara clerked for the Office of the Minnesota Attorney General.
Kara lives in Eagan with her husband, Joe, who leads ASK LLP’s personal injury practice. The majority of her free time is spent chasing after their two young daughters. She is also a passionate advocate and raises funds for the Leukemia & Lymphoma Society.
University of Minnesota Law School (J.D. 2008); University of Wisconsin (B.A., 2005).
Kara is admitted to practice law in the State of Minnesota, the United States District Court for the District of Minnesota, and the United States Court of Appeals for the Third Circuit.
Kara is a member of the Minnesota State Bar Association, the International Woman’s Insolvency & Restructuring Confederation (IWIRC), the American Bankruptcy Institute, and the Turnaround Management Association (TMA). In 2013, Kara helped found and was co-chair of the Minnesota chapter of the International Women’s Insolvency and Restructuring Confederation (IWIRC).
Bankruptcy, Creditors’ Rights and Litigation.
CLES AND PRESENTATIONS:
Current Issues in Cryptocurrency, Minnesota State Bar Association CLE, May 2023
A Case Study on Common — and Uncommon — Defenses to Preference Action, abiLIVE webinar, June 2022
Preference Cases and Defenses: A Review of the Standard Defenses in Light of the Small Business Reorganization Act and Recent COVID Legislation, Minnesota State Bar Association CLE, February 2021
Elements and Defenses to Claw Back Claims Under Sections 547, 548, 549 and MUVTA, Minnesota State Bar Association CLE, July 2019
Sharpening the Tools in Your Mediation Toolkit, ABI Winter Leadership Conference, December 2018
ABI Journal, Jun 1, 2023
Navigating Crypto Issues Within Preference Litigation
ABI Ethics & Professional Compensation Committee Newsletter, June 1, 2015
Are Attorneys’ Fees Incurred in Defending Preference Action Recoverable Against the Estate? One Court Says “Yes”
ABI Journal, Mar 1, 2014
Critical-Vendor Creditors May Now Double-Dip on New Value
ABI Journal, Aug 30, 2012
Preference Period Transfers Must Be Compared When Debtor Was Healthy
ABI Journal, Mar 1, 2012
Friedman’s Improperly Adds Requirement that New-Value Analysis Closes at Petition Date