What is a trustee in bankruptcy?

Trustee in bankruptcy - is the operational management of the debtor in the procedures applied in the bankruptcy case.
The purpose of bankruptcy is to preserve managed by the owner of the enterprise the right to decide on the future of assets.
Trustee in bankruptcy can solve a wide sector of tasks, including:

1. Preservation of the integrity of the property business without loss of consumer qualities.
Often, the trustee in bankruptcy, removing administration has not taken any action to safeguard the property. This is due to its limited capacity to manage funds and disinterest. Throughout the bankruptcy of equipment and vehicles of the debtor no one is served, not preserved and stored without appropriate conditions. As a result, assets are valued at the price of scrap metal. Also lost any sense of a settlement agreement, since all the equipment so long and meticulously collected the owner for their production, comes into disrepair.

2. The sale of the company's assets at the maximum price, or the person concerned.
Creditors and debtors are interested in obtaining the maximum price from the sale of assets of the debtor. But if, under normal conditions favorable for the buyer, you can search or wait for a long time the market changes, the conditions of bankruptcy timeline for the implementation of the enterprise is very compressed. To obtain the maximum price for the assets of the debtor need not only to find an investor, but also to ensure his victory in competitive bidding.
The other challenge will be the realization of assets affiliate (interested) person at a reasonable price.

3. Avoidance of increase in accounts payable.
Trustee in bankruptcy can significantly limit the range of creditors and the amount of their claims. Each requirement lenders carefully checked, put forward reasonable objection or challenged in higher courts.

4. Do not challenge the assumption of the old debtor's transactions and challenging unprofitable deals.
The current bankruptcy law provides ample opportunity to challenge the debtor's transactions for the three years preceding the commencement of the bankruptcy. However, the law has restricted the range of subjects that can start the appropriate procedure to challenge. Such a way only possible in a controlled bankruptcy acceptance decision to initiate appropriate action, in the interests of the owner of the debtor or creditor.

5. Recovery of the debtor's property, illegally held others.
If the debtor's property for any reason held by a third party (for debt) or be under arrest, the trustee in bankruptcy all property of the debtor is required to be returned and there are no restrictions on its use.

6. Complete collection of accounts receivable and profitable its assignment.
Accounts receivable, as well as other assets of the bankrupt enterprise, subject to evaluation and selling at auction. However, the actual funds received from the debtor, there will always be more valuable than any judicial act on their recovery. Trustee in bankruptcy is able to prevent the forgiveness of "debts" and to collect the receivables until the debtor's bankruptcy.

7. Limitation of civil liability of the owner and management of the debtor.
During the bankruptcy proceedings we will obtain a judicial act, removing responsibility from the owners and management of the debtor. On the basis of this act, the courts will refuse to creditors who have not received full satisfaction from the assets of the debtor, in claims to the participants, shareholders and management of the bankrupt.

8. Limitation of criminal prosecution of the owner and management of the debtor.
No admission pressure on the client by the police is one of our priorities. In the course of the bankruptcy procedure is going to the evidence base necessary to protect the client from prosecution.

9. speedy elimination of the debtor.
After the liquidation of the debtor, all the creditors' claims not satisfied due to lack of property of the debtor shall be deemed canceled. Redemptions are also considered the claims of creditors, the bankruptcy trustee is not recognized if the lender did not apply to the arbitration court or such claims are recognized by the arbitral tribunal to be unfounded.
These problems can be solved in the interests of the lender. Also used to return control of the lost assets.
Thanks to our professionals, the debtor will be able to take control of potential or already submitted to the court bankruptcy.
Which would not be onerous terms of the transaction to the debtor, he always has an advantage to the lender - the first move, and it's all for the law! On alone "pace", the debtor will be able to get the lender or completely write off the debt, or negotiate more equitable terms of repayment.

Our advantages:
mybkhelp.com bankruptcy manager has extensive experience in the event of bankruptcy.
Trustee in bankruptcy for our customers - it's always clear action and reasonable expenses.
We are ready to offer their services in support of the bankruptcy debtor and the creditor.