Why are Panel Trustees necessary for the bankruptcy system?
Panel Trustees are the most qualified persons to handle bankruptcy cases and administer assets of the estate. Panel Trustees are independent, dedicated professionals who put their personal assets at risk with each bankruptcy case they administer. Panel Trustees are most familiar with the bankruptcy process and have encountered almost every conceivable issue relating to the disposition of estate assets and recovering assets for the estate. Panel Trustees are most experienced at being placed in unfamiliar situations with complete strangers (often in troublesome situations) in order to effectively accumulate all assets, books and records and vital information of the estate. Due to their vast experience, Panel Trustees make excellent Chapter 11 Trustees, court appointed examiners and court appointed receivers.
