Bankruptcy Trustee Doesn’t Make Ultimate Decisions
From the questions I answer from clients in my office and netizens on Lawyers.com, lots of people think that bankruptcy trustees are the last word in the bankruptcy world. Not so: the trustee is an interested party, generally tasked with representing the creditors as a group and ensuring that bankruptcy cases comply with the law.
But if a dispute arises, say about the allowance of an exemption or the application of the means test, and the debtor and the trustee can’t resolve the difference, it is the bankruptcy judge who makes the call.
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China’s New Bankruptcy Law — First Report From The Ground…
Co-written by Travis Hodgkins China’s new bankruptcy law has been in effect for nearly two weeks now and so far nobody seems to be aware of any cases having been filed. For an English language translation of this new law, provided by the Bankruptcy La…
October 28th, 2007 at 10:13 am
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