What Is The Difference Between A Bankruptcy Trustee And A Bankruptcy Examiner?
What is the difference between a bankruptcy trustee and a bankruptcy examiner? Min Austria Assistant at Ascent Law LLC A bankruptcy trustee and a bankruptcy examiner are both hired by a bankruptcy court to oversee the reorganization of an insolvent company. but they're different kinds of job positions and have very different responsibilities. A bankruptcy trustee is a person appointed by a bankruptcy court after the company in question files for Chapter 11 bankruptcy. This person is responsible for ensuring that the company's assets are sold off and its debts are paid off as the company reestablishes itself. A bankruptcy examiner is also appointed by a bankruptcy court, but unlike a trustee, he or she works with a company while it's still solvent and before it has filed for Chapter 11. A bankruptcy examiner's job is to work with the company to determine whether reorganization is feasible and in the best interests of all parties involved, including creditors, unions, bon...