At a time when bankruptcy filings are at a historical low, this panel will discuss how Trustees may be able to find hidden assets or assets that may be overlooked. They will focus on various consumer causes of action, such as the Trustee pursuing Fair Debt Collection Practices Act violations, consumer suits, Debt Management Companies, mortgage lender fees, and class actions so that Trustees can maximize recovery for the bankruptcy estate. The panel will discuss practical strategies for finding these potential assets and tips on how to maximize the value of them.
1. Separation of Duties in a Trustee’s Office: Internal controls are strengthened when certain duties are divided among the trustee and employees. What do you do when small staff size precludes segregating duties? 2. Remote Assistant Best Practices: Working remotely began with the advent of the internet, ECF and cloud-based software. Trustees and their assistants could work virtually from anywhere. Then came the Covid-19 pandemic and reduced case filings – further warranting the need to work remotely. More and more trustee practices are heading to the “virtual reality” of the use of remote assistants/administrators. This session will help guide assistants that are transitioning to a remote setup or those currently working as a remote assistant. Join us as we cover the best practices of a remote/vitual assistant.
