Coolidge attorney Patricia J. Friesinger was recently appointed as a Chapter 7 Panel Trustee. In this role, she will administer cases filed under Chapter 7 of Title 11 of the United States Bankruptcy Code. Chapter 7 Trustees are private citizens appointed and supervised by the Office of the U.S. Trustee (a division of the U.S. Department of Justice). Many Chapter 7 Trustees are experienced attorneys or accountants who continue to practice their profession after appointment to the panel.
As a Trustee, Friesinger’s primary duties will be to liquidate assets for the benefit of creditors where possible. Each year, Chapter 7 Trustees distribute approximately $1.5 billion to creditors in the United States.
In addition to her new role as a Panel Trustee, Friesinger will continue her private practice at Coolidge Wall, where she has worked for over seven years. Friesinger has more than 18 years of experience overall. Within her practice at Coolidge as a shareholder in the Litigation Department, she helps business and corporate clients preserve assets and overcome financial challenges. Friesinger handles complex business disputes, asset protection, out-of-court debt restructurings, creditor/debtor rights, and, when necessary, bankruptcy.