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.

Forman Holt Named to "Best Law Firms" 2024

Forman Holt has been named to the prestigious 2024 Tier 1 Best Lawyers® Best Law Firms list for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in New Jersey.

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Trustee Charles Forman Makes Additional Distributions to Asbestos Claimants in NSI Case

Pursuant to an order of the US Bankruptcy Court for the District of Delaware, Charles M. Forman, the Chapter 7 Trustee for NSI, Inc., has issued an additional distribution of $8 million to claimants.

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Trustee Charles Forman Makes Additional Distributions to Asbestos Claimants in NSI Case Trustee Charles Forman Makes Additional Distributions to Asbestos Claimants in NSI Case

Three Forman Holt Members Recognized as Best Lawyers® Award Recipients

Forman Holt is pleased to announce that all three members of the firm have been included in the 2024 edition of The Best Lawyers in America ®, regarded as the definitive guide to legal excellence.

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Three Forman Holt Members Recognized as Best Lawyers® Award Recipients Three Forman Holt Members Recognized as Best Lawyers® Award Recipients

Charles M. Forman Recognized by Prestigious Chambers and Partners

The Forman Holt firm congratulates Charles M. Forman for his 2023 inclusion in Chambers and Partners, his ninth consecutive year receiving this honor, ranked in “Band 2” of the Bankruptcy/Restructuring category.

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

All Forman Holt Members Recognized by Super Lawyers in 2023

All of the firm’s members have been named again in 2023 to the Super Lawyers list, an honor reserved for only 5% of lawyers in each state. Charles Forman, Managing Member, has been selected to the Top 100 List in 2022 and 2023.

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All Forman Holt Members Recognized by Super Lawyers in 2023 All Forman Holt Members Recognized by Super Lawyers in 2023

Forman Holt Members Confirm Ammon Labs Chapter 11 Plan

Erin Kennedy and Michael Holt confirmed the Chapter 11 Plan of Reorganization for Ammon Analytical Laboratories LLC in the US Bankruptcy Court for the District of New Jersey on March 28, 2023.

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

NJBLF Receives the William J. Brennan, Jr. Citation for Justice

The NJ Bankruptcy Lawyers Foundation, led by the Foundation’s President Charles M. Forman, received the award from Legal Services of NJ for providing emergency funds that support LSNJ’s clients through challenging times.

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NJBLF Receives the William J. Brennan, Jr. Citation for Justice NJBLF Receives the William J. Brennan, Jr. Citation for Justice

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 the distinguished position on 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.

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