Thaler Law Firm PLLC
  • Home
  • About the Firm
  • Firm News
  • Professionals
    • Andrew M. Thaler
  • Practice Areas
    • Bankruptcy >
      • Considering Bankruptcy
    • Commercial Litigation
    • Creditors' Rights
    • Mediation
    • Trustee Representation
  • Testimonials
  • Contact
    • Potential Debtor
    • Potential Creditor
  • Blog

What is a Creditors’ Committee?

1/29/2019

0 Comments

 
Author: Andrew M. Thaler
Creditors owed money by a company that files chapter 11 bankruptcy might receive a questionnaire asking if they are willing to serve on a Creditors’ Committee and wonder what that means.
​
A Creditors Committee is a group of creditors selected in chapter 11 reorganization cases to oversee the operations of the Debtor. The Committee serves as a “watchdog” over the debtor’s financial affairs. The Office of the United States Trustee (“UST”), a division of the Department of Justice, sends letters to selected unsecured creditors shortly after the filing of the case to see if they are interested in serving on the Committee. Claims held by fully secured creditors and “insiders” are not eligible to serve on the Committee.

Read More
0 Comments

    Authors

    This blog is maintained by:
    Andrew M. Thaler

    View my profile on LinkedIn
    Spiros Avramidis
    View my profile on LinkedIn

    Categories

    All
    Bankruptcy Cases
    Bankruptcy Filings
    Bankruptcy General
    Bankruptcy/Matrimonial
    Bankruptcy/Personal Injury
    Bankruptcy/Real Estate

    Archives

    November 2021
    June 2021
    September 2020
    August 2020
    July 2020
    May 2020
    April 2020
    March 2020
    January 2020
    December 2019
    September 2019
    February 2019
    January 2019
    October 2018
    September 2018
    July 2018
    May 2018
    January 2018
    December 2017
    October 2017
    February 2017
    January 2017
    December 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014

    RSS Feed


Thaler Law Firm PLLC
675 Old Country Road
Westbury, New York 11590
Phone: (516) 279-6700 | Fax: (516) 279-6722

Disclaimer
Thaler Law Firm provides the information and materials on its website and blog for informational purposes only. The information is general in nature and does not constitute legal advice.
Further, the use of this information, and the sending or receipt of such information and materials, does not create an attorney-client relationship between us. Prior results do not guarantee a future or similar outcome.

The application and impact of laws can vary widely based on the specific facts involved. Accordingly, the information is provided with the understanding that the authors are not herein engaged in rendering legal, accounting, tax,
or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other advisers.

Materials and information in this presentation is proprietary in nature belonging to Thaler Law Firm and may only be reproduced in its entirety (without modification) for the individual reader’s personal or educational use and must include
this notice of our proprietary interest and the prohibition of reproduction

TLF is considered a debt relief agency.
TLF helps people file for bankruptcy relief under the Bankruptcy Code.
Attorney Advertising | Copyright © 2015 Thaler Law Firm PLLC | All rights reserved
Powered by Create your own unique website with customizable templates.