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4min chapter
On Background: A History of Bankruptcy in the US
Against the Rules with Michael Lewis
The US Trustee and the Bankruptcy Process
The US trustee was created in 1978 as a replacement for the Securities and Exchange Commission. The longer it took to get into bankruptcy, the more risk there was that assets would be gone by the time they got into bankruptcy. A fee examiner is someone who's brought in to look at the fees and raise questions about the fees where they're problematic.
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