Trenton Chapter 11 Trustee Representation
Not all businesses and individuals are able to successfully complete Chapter 11 bankruptcy. When a reorganization plan is not approved by the creditors, a liquidating plan may be the alternative. In these cases, the remaining assets are gathered and liquidated, and the proceeds are placed in a trust. The creditors appoint a trustee to administer the trust.
At Markowitz Gravelle, LLP, our attorneys have been appointed as trustees for Chapter 11 liquidating plans on numerous occasions. In addition, the firm can be appointed as counsel for a trustee in a Chapter 11 bankruptcy.
As the trustee in a post-confirmation Chapter 11 liquidating plan, our lawyers will be responsible for the administration and distribution of assets to creditors. Depending on the specifics of the debtor's assets and the liquidation plan, this may include assembling, valuing and liquidating assets, and then paying the debts and/or obligations according to the plan.
As trustee or counsel to the trustee, we can return assets to the estate by pursuing:
- Accounts receivable
- Fraudulent conveyance claims
- Preferential payments
- Assets lost by the debtor to fraud
To schedule an appointment, please call 866-437-1189 or contact us online. Located in Lawrenceville, the firm represents clients throughout Mercer County and the surrounding area.
