Do Los Angeles Bankruptcy Trustees Ever Need Legal Advice or Support?
Bankruptcy trustees have extensive responsibilities related to the administration of the bankruptcy estates they oversee. Since every case has unique aspects, even experienced private trustees can expect some issues to arise that they may not know how to handle. An experienced Los Angeles bankruptcy trustee attorney can play an important role in unraveling complex matters and assisting with litigation.
The U.S. Trustees and Assistant Trustees appointed by the Attorney General provide general oversight over the bankruptcy system and have specific responsibilities under the United States Trustee Program. Although these appointees may handle individual bankruptcy cases, they generally appoint and supervise the private trustees who typically administer the individual bankruptcy estates.
During the course of their oversight responsibilities, trustees can encounter irregularities that require them to file lawsuits against any of the interested parties within the bankruptcy proceeding. Perhaps the most common type of lawsuit involves a preference action, in which a trustee seeks to recover payments the debtor made to a creditor prior to a Chapter 7 filing. However, trustees do not personally take these cases to court. They retain an attorney for bankruptcy trustees in Los Angeles or elsewhere in California for courtroom litigation of each lawsuit.
With more than three decades of experience advising trustees and offering guidance to debtors and creditors, the Law Offices of Michael Jay Berger have a well-rounded perspective of all sides of bankruptcy proceedings. We help trustees understand their duties and rights, and help them avoid unnecessary legal complications and expenses to help move the process forward as effectively and efficiently as possible.