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Session Description
Analysis of the proper role, powers and duties of a Subchapter V trustee. These cases are increasingly prevalent and the personalities and styles of the SubChapter V trustees are all over the Board. Some insist on a carved-out escrow at the beginning of the case and do nothing but suck up fees. Some come in with all guns blazing, act as an adjunct counsel for the debtor and take actions, and file motions, to protect an otherwise hapless debtor’s counsel. Very few actually fill the role that Congress and the Federal Judicial Conference intended, which I believe to be acting as an intermediary to resolve issues and disputes that stand in the way of confirmation.
Target Audience
Business
Suggested Speakers
John
Thomson
First Name
Richard Carmody
Last Name
by Harner
Email
Judge_Harner@mdb.uscourts.gov
Firm
US Bankruptcy Court