Chapter 11 and 7 trustees, as well as liquidating trustees, rely on Obermayer to assist them in meeting their fiduciary duties and maximizing the recovery of estate assets for the benefit of creditors.Print to PDF
When representing fiduciaries such as Chapter 11, Chapter 7, and liquidating trustees our goal is, simply put, the recovery of monies for the meaningful distribution and benefit of creditors in complex bankruptcy cases. The members of our Fiduciary Representation team have a deep, practical understanding of the Bankruptcy Code and of Federal Rules of Bankruptcy Procedure, local rules, case administration, and the unique needs of bankruptcy fiduciaries.
As frequent counsel to bankruptcy fiduciaries, we provide strategic guidance throughout the bankruptcy proceeding and help achieve the objectives of the creditor base. This approach is enhanced by having a diverse and well-balanced team in our Fiduciary Representation practice. Not only does each member of our team have unique specialties and a wealth of knowledge to handle a wide variety of bankruptcy issues and cases, but as part of a full-service law firm, we have efficient access to other disciplines and resources as our clients’ needs require them.
Bankruptcy fiduciaries regularly seek Obermayer’s counsel on matters relating to the review, restructuring, and workout of financial transactions, reorganizations, avoidance litigation, liquidations, mortgage foreclosures, sheriff’s sales, and bankruptcy and receivership proceedings. Our Fiduciary Representation attorneys have done extensive work for trustees and committees on a wide variety of matters pursued in bankruptcy, including:
Bankruptcy estates often hold unliquidated assets, including causes of action that, if pursued, could meaningfully enhance recoveries for creditors. In representing fiduciaries, we assist in the administration of the bankruptcy estate and the recovery or liquidation of assets, all with the overarching goal of maximizing the recovery for the creditor body. We do this by asking questions, listening to our client’s needs, and working with the client to develop a strategy to achieve those needs in a cost-effective manner in negotiating, structuring, and implementing the reorganization or liquidating case.