National Association of Bankruptcy Trustees

The National Association of Bankruptcy Trustees (NABT) is a nonprofit organization dedicated to serving and representing the interests of Chapter 7, Chapter 11, and Subchapter V bankruptcy trustees in the United States. The association primarily focuses on promoting improvements in the bankruptcy system, facilitating the administration of bankruptcy cases, and providing educational resources for its members.

Mission

NABT's mission is to act as a voice for the Chapter 7 and Subchapter V bankruptcy trustee community by providing education, communication, and advocacy for the profession. This includes organizing educational seminars and events to keep members updated on the latest developments in bankruptcy law.

Membership

NABT has over 600 active panel trustees, along with a network of professionals who work closely with trustees. Its membership includes chapter 7 and subchapter V trustees, employees of the Office of the U.S. Trustee, chapter 11 trustees, and their staff, as well as judges and other professionals involved in the bankruptcy system.

History

NABT was formed in 1982 to address the evolving needs of bankruptcy trustees and to advocate for changes in the bankruptcy system that facilitate efficient trustee administration. The organization has been instrumental in shaping policy and legal practices affecting trustees.

Activities

• Education and Advocacy: NABT provides educational resources and seminars for its members to stay current on bankruptcy law and practice. It also advocates for legislative changes that impact trustee operations and compensation.
• Professional Development: The association supports professional development through its publications and events, ensuring that its members remain knowledgeable about current legal developments.
• International Focus: Recognizing the increasing global nature of finance, NABT has an international committee focused on cross-border bankruptcy practices.

Notable Leadership

One of the notable leaders in NABT is Neville Reid, who was elected as President of the association's Board of Directors for the 2020-2021 term. Neville Reid has extensive experience as a bankruptcy trustee, with over 26 years of service, and has played a significant role in shaping trustee compensation policies through his legal work and testimony before Congress.

Recent Developments

NABT works closely with other bankruptcy-related organizations, such as the U.S. Trustee Program, to enhance the integrity and efficiency of the bankruptcy system. The association has contributed to updates in the Uniform Transaction Codes to simplify their application by trustees.

Overall, NABT plays a crucial role in representing and supporting the interests of bankruptcy trustees while promoting a more effective bankruptcy system.

[1] https://foxswibel.com/2020/10/19/neville-reid-elected-president-of-national-association-of-bankruptcy-trustees/ [2] https://www.nactt.com [3] https://www.nabt.com [4] https://www.justice.gov/ust [5] https://www.justice.gov/archives/ust/blog/overview-changes-handbook-chapter-7-trustees-and-updates-uniform-transaction-codes