We support enhanced accountability and transparency in the bankruptcy management process through the following changes:
- Implementation of a more transparent selection process
We advocate engaging in competitive bidding and restoring debtor input, as recommended by the Southern District of New York. - Creation of a defined fee structure to ensure fiduciary
responsibility
When a claims agent is brought into the process, it should be clear exactly what tasks will be performed and at what costs. - Establishment of ethical standards covering the way claims
agents sell their services
As private companies aiding the functions of a federal office, this sector cannot afford the appearance of impropriety. Improved oversight of the industry would ensure that ethical standards are defined and applied.
Active Cases
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- Agway, Inc., et al.
- Ames Department Stores, Inc., et al.
- Anvil Knitwear, Inc., et al.
- Butler Services International, Inc., et al.
- Ciena Capital LLC, et al.
- Friedman's and Crescent Liquidating Trusts
- Friedman's Inc. and/or Crescent Jewelers Creditors' Committee
- Lower Bucks Hospital, et al.
- M. Fabrikant & Sons, Inc., et al.
- MFS GUC Trust
- marchFIRST, Inc., et al.
- New York Westchester Square Medical Center
- The Penn Traffic Company, et al.
- Plastech Engineered Products, Inc., et al.
- Puig, Inc., et al. Joint Committee of Creditors Holding Unsecured Claims
- Quebecor World (USA) Inc., et al.
- Rock & Republic Enterprises, Inc., et al.
- Tanner and Haley Destination Clubs
- US Airways, Inc., et al.
- UTGR, Inc. d/b/a Twin River, et al.
- Victory Memorial Hospital, et al.
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