Examiner [Bankruptcy] Law and Legal Definition
In bankruptcy cases, an examiner refers to an officer appointed by a bankruptcy for the purpose of reviewing certain aspects of the operation of a Chapter 11 debtor. Although his/her main function is investigation, an examiner is usually called as mediators to assist the court in resolving bankruptcy disputes.
Examiner can be appointed in complicated Chapter 11 case involving a utility with instructions to investigate fraud and other irregularities, and to mediate and assist in breaking a deadlock in plan negotiations. [In re Big Rivers Elec. Corp., 213 B.R. 962, 976 (Bankr. D. Ky. 1997)].
Legal Definition list
Related Legal Terms
- Accountant ( Bankruptcy)
- Act of Bankruptcy
- Adequate Protection [Bankruptcy]
- Affiliate ( Bankruptcy)
- After Notice and Hearing (Bankruptcy)
- American College of Forensic Examiners International [ACFEI]
- American Society of Questioned Document Examiners [ASQDE]
- Arrangement With Creditors [Bankruptcy]
- Assisted Person ( Bankruptcy)
- Avoidance Powers (Bankruptcy)