Jim Lanik is a Chapter 7 Bankruptcy Panel Trustee and law partner at Waldrep LLP. His role is to administer the bankruptcy code for the Bankruptcy Court. At times, a Trustee hires a forensic accountant with the Court’s permission to assist the Trustee in finding hidden assets and income.
jlanik@waldrepllp.com
www.waldrepllp.com
In this episode, we discuss:
- The difference between Chapter 7, Chapter 13, and other types of bankruptcy
- The role of the Trustee in bankruptcy proceedings
- When and why a forensic accountant or fraud examiner is hired by the Court
- What a Trustee looks for when recommending a forensic accountant to the Court
- What happens if bankruptcy fraud is suspected.
- How a forensic accountant should network with other Trustees
- How one debtor went on a cruise, which landed him in prison.