Our business reorganization and bankruptcy attorneys represent Chapter 7 and Chapter 11 trustees in fulfilling their responsibilities to creditors who seek recovery of their financial interests in debtors in bankruptcy. We provide trustees with legal advice as general counsel regarding powers and duties under the Bankruptcy Code, assist with investigations concerning the financial condition of the debtor, review claims, and investigate and litigate avoidable transfers.
Typically, management remains in control of a corporate debtor during the Chapter 11 process unless the Court appoints a Chapter 11 trustee, which may indicate that there is evidence of fraud or mismanagement or that the case is not progressing satisfactorily.
The skillful representation of Chapter 11 trustees requires prompt and thorough analysis of the debtor’s operations to determine, among other things, whether a plan of reorganization is feasible, whether fraud or other misconduct by management has occurred and the best means to maximize the value for the debtor’s creditors.
Our lawyers also represent Chapter 7 trustees, evaluating a debtor’s assets and liabilities, and when appropriate, pursuing avoidance actions, turnover actions, breach of contract and other claim litigation.