NABT: A Day in the Life of a Trustee (Comparisons of Chapter 7 and Sub V Trustees)

A better understanding of what trustees do in their day-to-day work can help debtors and credit and finance professionals appreciate some of the complexities of the bankruptcy process. Bankruptcy trustees are often painted as the bad guys: Creditors sometimes think that trustees sell assets at bargain-basement prices for a quick result, or that they're only in it for the fees, and debtors may view the trustee as their arch enemy. But the role of bankruptcy trustees is very challenging, involving and rewarding — not to mention highly regulated. Their work has been further complicated by the emergence this year of subchapter V trustees. This session will provide a better understanding of what trustees do, and will compare the roles of chapter 7 trustees versus the newly minted subchapter V trustees to help debtors and credit and finance professionals appreciate some of the complexities of the bankruptcy process, primarily when it comes to (1) appointment processes; (2) roles; (3) day-to-day duties; (4) fiduciary duties; (5) compliance obligations; (6) immunity, liability and court supervision; and (7) the steps to take to make the trustee happy.

$125.00
Price: $125.00
SKU: 205603
Duration: 
75 mins
Faculty: 
Gary F. Seitz Gellert Scali Busenkell & Brown, LLC Patricia B. Fugée FisherBroyles, LLP Paula S. Beran Tavenner & Beran, PLC Russell D. Garrett Jordan Ramis PC