Representation of Trustees and Fiduciaries

Forman Holt has served and represented Trustees in bankruptcy cases for over 40 years.  The attorneys at Forman Holt are well versed in all aspects of fiduciary practice in both state and federal courts.

Our attorneys have extensive experience in proceedings involving Assignments for the Benefit of Creditors (“ABC”), a state court alternative to formal bankruptcy proceedings. Members of the firm have been routinely appointed as Assignees, who, by statute, take ownership of an entity’s assets and liquidate same for the benefit of all of that entity’s creditors. In addition to having members serve as the actual Assignee, the Firm often serves as counsel to Assignees, assisting them in the fulfillment of their statutory charge.

In addition to state law ABC proceedings, our attorneys are proficient in serving as and providing representation to Receivers, both in the federal and the state courts.

Whether the Receivership involves the management of real property, or the stewardship of an operating entity, the concepts and the skill sets are essentially the same as they are in bankruptcy trustee cases and ABC proceedings: caretaking and resolution.

  • Well respected and regarded in all areas of trustee and fiduciary representation.
  • Participates in major bankruptcy proceedings both as trustees and as attorneys for trustees in New Jersey and Delaware bankruptcy courts.
  • Serves as both assignees and receivers and as attorneys for assignees and receivers in state court supervised liquidation proceedings.
  • Serves as liquidating trustees and attorneys for liquidating trustees under confirmed Chapter 11 plans of reorganization.
  • Significant collective professional expertise in handling all types of litigation related to ABC’s and Receiverships in state court liquidation proceedings.
  • Served as Special Fiscal Agent appointed by state court to oversee operations of US based and international operations.

Charles M. Forman Recognized by Chambers and Partners

It is Mr. Forman’s ninth consecutive year receiving the honor of being ranked in “Band 2” of Chambers’ Bankruptcy/Restructuring category.

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Charles M. Forman Recognized by Chambers and Partners Charles M. Forman Recognized by Chambers and Partners

Trustee Charles Forman Makes Major Distribution to Asbestos Claimants

After a claim review process developed by the Trustee, approximately 4,000 claims asserted against NSI were approved in a single Chapter 7 proceeding.

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Trustee Charles Forman Makes Major Distribution to Asbestos Claimants Trustee Charles Forman Makes Major Distribution to Asbestos Claimants

Forman Holt Named to "Best Law Firms" 2023

Forman Holt has been ranked in the 2023 U.S. News – Best Lawyers® “Best Law Firms” list for the New Jersey region in two bankruptcy-related practice areas. 

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Forman Holt Members Confirm Ammon Labs Chapter 11 Plan

The Chapter 11 Plan of Reorganization for Ammon Labs was confirmed in the United States Bankruptcy Court for the District of New Jersey.

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Forman Holt Members Confirm Ammon Labs Chapter 11 Plan Forman Holt Members Confirm Ammon Labs Chapter 11 Plan

Charles M. Forman Named to 2023 Best Lawyers List

Managing Member of the firm Charles M. Forman, awarded the prestigious Lawyer of the Year recognition in back-to-back years (2020 & 2021), has been named to The Best Lawyers in America® list for 2023.

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Charles M. Forman Named to 2023 Best Lawyers List Charles M. Forman Named to 2023 Best Lawyers List

NJBLF Recognized by Legal Services of NJ

The New Jersey Bankruptcy Lawyers Foundation, led by the Foundation’s President Charles M. Forman, received the William J. Brennan, Jr. Citation for Justice from Legal Services of New Jersey for providing emergency funds that support LSNJ’s clients through challenging times.

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NJBLF Recognized by Legal Services of NJ NJBLF Recognized by Legal Services of NJ

All Forman Holt Members Recognized by Super Lawyers

All of the firm’s members have been named to the prestigious Super Lawyers list in 2020, 2021, 2022 and 2023, an honor reserved for only 5% of lawyers in each state.

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All Forman Holt Members Recognized by Super Lawyers All Forman Holt Members Recognized by Super Lawyers

Charles M. Forman Appointed to NJIT Board of Overseers

The New Jersey Institute of Technology has appointed Forman Holt attorney Charles M. Forman, an alumnus of the University, to its Board of Overseers.

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Charles M. Forman Appointed to NJIT Board of Overseers Charles M. Forman Appointed to NJIT Board of Overseers

Charles M. Forman Receives Lifetime Achievement Award

The NJ Law Journal named Charles Forman as recipient of their 2016 Lifetime Achievement Award. The committee considers which individuals helped to shape the law in NJ, through their work on the bench, in-house or building a firm.

Charles M. Forman Receives Lifetime Achievement Award Charles M. Forman Receives Lifetime Achievement Award