Chapter 11 Trustee

A chapter 11 trustee represents a bankruptcy estate, exercising statutory powers predominantly for the benefit of unsecured creditors while under the direct supervision of a U.S. trustee. They are not appointed in all chapter 11 cases, but can operate the debtor’s business or bring actions against certain creditors or the debtor to recover property to be distributed pro rata to creditors with valid claims against the estate.

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The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.

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The DailyDAC Editors