Plan Trustee

Plan Trustee / Estate Representative / Sole Responsible Officer
In certain instances, a Chapter 11 Plan of Reorganization will provide for sale to a buyer substantially all the assets required for operations. However, certain of the debtor’s assets will not be acquired by the buyer. Under such plans, CMA often receives appointment as the Plan Trustee or Estate’s Representative with the authority to direct the liquidation of the remaining assets, pursue avoidance actions or object to claims. CMA’s directors have received personal appointment through a Debtor’s plan of liquidation as Sole Responsible Officer with the power to personally direct the liquidation of certain assets, subject to the Bankruptcy Court’s supervision.

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