Bankruptcy & Restructuring Trustee Representation
Being a bankruptcy trustee can be a very complex job and requires you to look out for the interests of the debtors and creditors. It can often be difficult to make sure you are being fair to all parties involved. Any mistakes made, real or perceived, can expose you to potential personal liability. Anyone in this role should get fully educated on their trustee role, including everything from the restructuring plan to the distribution of assets.
If you are in a trustee role, having legal counsel there every step of the way can help you avoid a costly lawsuit down the road. Having advice when you are meeting with the parties involved, examining all documents related to the case, and overviewing the sale of an assets can allow you to feel more secure in your role and to avoid any potential pitfalls. Additionally, if a claim is made against you in this role, your legal team can provide both a familiarity with these specific bankruptcy proceedings, but also support for your case.
Okin Adams: Houston Bankruptcy Trustee Representation
At Okin Adams we have worked with numerous trustees in a variety of different types of bankruptcy cases. If you are appointed as a trustee or even might potentially take on the role, please reach out to us with any questions and to discuss how we can assist you.