Flaster Greenberg Shareholder Douglas S. Stanger Appointed SubChapter V Trustee
FOR MORE INFORMATION, CONTACT
Molly Grimm, 856.382.2211
FOR IMMEDIATE RELEASE
Flaster Greenberg Shareholder Douglas S. Stanger Appointed
Subchapter V Trustee in New Jersey by the USDOJ
Cherry Hill, NJ (May 11, 2020) - Flaster Greenberg is pleased to announce that shareholder Douglas S. Stanger has been appointed by the U.S. Department of Justice as one of only nine subchapter V trustees in the State of New Jersey. This highly sought after appointment attracted over 3,000 extremely qualified applicants from across the nation, resulting in less than 250 trustee appointments in all 50 states. In this role, Stanger’s substantial legal, business and turnaround management experience in bankruptcy, including over 30 years of representing debtors and creditors, along with bankruptcy creditor’s committees, will support small business owners in alleviating the need for costly litigation during Chapter 11 bankruptcy proceedings, helping them to reorganize their debts and save their businesses.
The subchapter V trustee appointment stems from the Small Business Reorganization Act signed into law last summer, which seeks to provide a quicker and less expensive reorganization for small business debtors not otherwise available under chapter 11. In light of the economic impact of the COVID-19 virus on businesses, particularly small businesses, Congress also expanded the relief to those businesses under the SBRA earlier this month with the signing of the CARES Act , as well as other provisions of the Bankruptcy Code.
For over 30 years, Stanger has served as a Panel Trustee Member for the United Stated Department of Justice. He is also a Bankruptcy Court approved mediator in the states of New Jersey, Pennsylvania and Delaware.
ABOUT FLASTER GREENBERG PC: Flaster Greenberg, a midsized business law firm, has been providing legal services to publicly traded corporations, privately held and family owned businesses, entrepreneurs and individuals for over four decades. With offices in Pennsylvania , New Jersey , New York , Delaware , and Florida , Flaster Greenberg serves a broad range of clients in dozens of industries and practice areas including aviation , bankruptcy , business & corporate , construction , commercial litigation , environmental , family law , gaming , healthcare , insurance coverage counseling , intellectual property , labor and employment , real estate , taxation and trusts and estates . For more news, follow us on twitter @Flaster . To view the firm’s COVID-19 Resource Guide, click here .