bankruptcy trustees

Bankruptcy Trustee’s Role in Chapter 11 Filing

Almost all bankruptcy filings get a trustee assigned to their case by the court. Chapter 11 is no different in this regard and the role of the bankruptcy trustee in the Chapter 11 scenario is as follows: The U.S Trustee assigned by the court for Chapter 11 bankruptcy will oversee the entire case as it progresses and also review how the case is being administered The Trustee will also be responsible for monitoring the debtor under purview, while his business continues to operate normally The Trustee will be responsible for collecting the fee from the debtor. This is [...]

2019-06-14T08:29:42+00:00