Things examiners do in Chapter 11 Bankruptcy cases
Posted on Sunday, October 2nd, 2016 at 5:19 pm
In some instances of Chapter 11 Bankruptcy, the court may appoint an examiner to the case to provide assistance to the trustee. Below are the following roles that an examiner could have in a bankruptcy case:
- Monitor and conduct investigations regarding the debtor’s business or the case itself.
- Submit a report to the bankruptcy court.
- Act as a mediator between debtor in possession and creditors to solve conflicts or even file a reorganization plan.
Business owners who have filed for Chapter 11 Bankruptcy should know that the examiners appointed in the case only do functions that are assigned to them by the court. While examiners could be assigned to do things that the trustees do, they should not be mistaken as trustees.
Filing for Chapter 11 Bankruptcy is a complicated process that can leave many business owners confused. However, if this is happening to you, a skilled lawyer may offer you legal assistance to make sure you get the best deal in the whole process. Discuss your situation with a Fayetteville Chapter 11 bankruptcy lawyer of the Bradford Law Offices, PLLC in Fayetteville today by calling (919) 758-8879.