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Chapter 11 and Chapter 7 Bankruptcy Trustee Appointments

In his capacity as a Chapter 11 Trustee, appointed by the United States Department of Justice, Soneet R. Kapila has successfully and continually fulfilled his duties as Trustee. He has participated in the formulation of Plans of Reorganization and Disclosure Statements, guided competing interests in numerous proceedings to mutual agreement of the Plans, and ultimately obtained confirmations of the Plans by the United States Bankruptcy Court.

As a Chapter 11 Trustee or Examiner, he has also operated, restructured and negotiated the sale of many businesses. Among the challenges he has faced: a waste management company with debts exceeding $30 million; rehabilitation of a dilapidated housing community; uncover numerous Ponzi schemes; litigation involving a telecommunications logistics and computer exporting business with assets exceeding $400 million. In the case of Prime Capital Corporation, Mr. Kapila recovered several million dollars for the creditors with a distribution exceeding 40%.

As a result of his expertise, Mr. Kapila has also been successful in maximizing the estate assets for the benefit of creditors in Chapter 7 Bankruptcy proceedings. His duties encompass liquidation of various personal or business assets and both commercial and residential real property and vacant land. One case involved the liquidation of a $35 million gas distribution and multi-location gas retail business. In a large personal bankruptcy, Mr. Kapila called on his experience as a forensic accountant to untangle a vast web of real estate holdings and corporate shell organizations in international jurisdictions with overseas banking institutions.

At any point in time, Mr. Kapila may be involved in the administration of hundreds of personal and corporate/business bankruptcies, always mindful of the ultimate goal – maximizing returns to creditors.

Other Representative Engagements and Appointments include:

     • Examiner

     • Liquidating Trustee/Plan Administrator

     • Claims Administrator

     • Bankruptcy Consultant

     • Commercial Litigation

     • Securities Fraud

     • State Court Receivership and Assignments

     • Settlement Administrator and Disbursing Agent

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