# D Masin Consulting > Assistant Bankruptcy trustee California --- ## Pages - [Website Accessibility Statement](https://dmasinconsulting.com/website-accessibility-statement/): Website Accessibility Statement D Masin Consulting is firmly committed to ensuring that our website is accessible to all individuals, regardless... - [recovery auctions](https://dmasinconsulting.com/recovery-auctions/): RECOVERY AUCTIONSUnlock Opportunities at Bankruptcy & Liquidation Auctions Navigating the complexities of company liquidation and individual bankruptcy can reveal unexpected... - [Chapter 7](https://dmasinconsulting.com/chapter-7-bankruptcy/): CHAPTER 7 Chapter 7 Bankruptcy: Your Comprehensive Guide to Debt Discharge and a Fresh Financial Start Chapter 7 bankruptcy, often... - [Chapter 11](https://dmasinconsulting.com/chapter-11-bankruptcy/): CHAPTER 11 Chapter 11 Bankruptcy: Reorganization and Financial Rehabilitation for Businesses and High-Debt Individuals Chapter 11 bankruptcy is a complex,... - [Chapter 13](https://dmasinconsulting.com/chapter-13-bankruptcy/): CHAPTER 13 Chapter 13 Bankruptcy: The Wage Earner's Plan for Debt Reorganization and Asset Retention Chapter 13 bankruptcy, often called... - [Bankruptcy in the United States](https://dmasinconsulting.com/bankruptcy-in-the-united-states/): Bankruptcy Laws U. S. Bankruptcy Law: Federal Framework and State-Specific Variations (Exemptions & Means Test) Bankruptcy in the United States... - [Start](https://dmasinconsulting.com/): With over 20 years of experience serving as a seasoned Bankruptcy Trustee and court-appointed fiduciary, D Masin Consulting delivers specialized... - [What is a bankruptcy trustee](https://dmasinconsulting.com/what-is-a-bankruptcy-trustee/): WHAT IS A BANKRUPTCY TRUSTEE ? What Does a Bankruptcy Trustee Do? A Bankruptcy Trustee is an impartial, private individual... - [Privacy Policy](https://dmasinconsulting.com/privacy-policy/): D Masin consulting specializes in Asset management and can also act as a field adjuster for a bankruptcy trustee or... --- ## Posts --- # # Detailed Content ## Pages - Published: 2025-11-07 - Modified: 2025-11-07 - URL: https://dmasinconsulting.com/website-accessibility-statement/ Website Accessibility Statement D Masin Consulting is firmly committed to ensuring that our website is accessible to all individuals, regardless of ability, and provides an inclusive and positive experience for all users. We believe everyone should be able to access our information regarding Bankruptcy Trustee Support and Insolvency Consulting services. Our Commitment to US Regulations and StandardsTo achieve our commitment to accessibility, D Masin Consulting strives to conform to the requirements of the Americans with Disabilities Act (ADA) Title III as interpreted by the Department of Justice, and we align our digital practices with the globally recognized standard for web accessibility: Web Content Accessibility Guidelines (WCAG) 2. 1 Level AA. We actively work to make our site accessible for people with various disabilities, specifically addressing the needs of users with sight and hearing impairments by focusing on key areas: For Users with Sight Impairments: Ensuring content is compatible with assistive technologies like screen readers. Providing appropriate alternative text ("alt text") for all meaningful images. Maintaining sufficient color contrast between text and backgrounds for readability. Allowing users to resize text without loss of content or functionality. For Users with Hearing Impairments: Providing captions or transcripts for any video or audio content on the site. Ensuring forms and processes can be completed without reliance on audio cues. Ongoing Effort and Feedback We view accessibility as an ongoing process, not a static goal. We are continually monitoring and improving our website to meet the WCAG 2. 1 Level AA criteria and remove any... --- - Published: 2025-05-16 - Modified: 2025-11-08 - URL: https://dmasinconsulting.com/recovery-auctions/ RECOVERY AUCTIONS Unlock Opportunities at Bankruptcy & Liquidation Auctions Navigating the complexities of company liquidation and individual bankruptcy can reveal unexpected opportunities for savvy buyers. Bankruptcy auctions offer a unique marketplace where assets from businesses undergoing liquidation and repossessed items from bankrupt individuals are sold to settle outstanding debts. These assets, ranging from commercial machinery and stock to property and vehicles, often Why Buyers Flock to Bankruptcy Auctions For those seeking competitively priced assets, bankruptcy auctions present a compelling proposition. Liquidators prioritize swift sales to generate urgent funds for creditors, often resulting in assets being priced below traditional retail values. The diverse nature of companies facing liquidation translates into a wide array of available goods, spanning various sectors. Whether you're looking for machinery, equipment, vehicles, or even real estate, a bankruptcy auction could hold the key. Beyond the attractive pricing, the auction process itself is designed for efficiency. Unlike lengthy traditional sales, auctions aim for immediate transactions once a bid is successful. The groundwork, including vetting potential buyers and preparing asset details, is completed beforehand, streamlining the process for everyone involved. Prospective buyers benefit from pre-auction viewings and detailed catalogues, allowing for informed decisions. Furthermore, participating in bankruptcy auctions contributes to a more sustainable economy by giving a second life to existing assets, preventing them from becoming waste. SIGN UP TODAY TO KNOW WHEN OUR NEXT BIG AUCTION TAKES PLACE Name Email Address SIGN ME UP! Our Auctions are powered by --- - Published: 2023-07-29 - Modified: 2025-11-08 - URL: https://dmasinconsulting.com/chapter-7-bankruptcy/ CHAPTER 7 Chapter 7 Bankruptcy: Your Comprehensive Guide to Debt Discharge and a Fresh Financial Start Chapter 7 bankruptcy, often dubbed "liquidation bankruptcy," is the most common and fastest form of bankruptcy available to individuals, couples, and some businesses in the United States. It is a powerful legal tool designed to provide a true fresh financial start by eliminating most unsecured debts, offering a crucial lifeline to those overwhelmed by financial distress. How Chapter 7 Bankruptcy Works: The Liquidation Process The core mechanism of Chapter 7 is the discharge (legal forgiveness) of most qualifying debts following a structured liquidation process: Filing the Petition: The debtor files a comprehensive petition with the U. S. Bankruptcy Court, detailing all assets, liabilities, income, and expenses. Automatic Stay Activation: Immediately upon filing, an Automatic Stay is imposed. This is a critical injunction that legally halts most collection activities, including: Creditor phone calls and letters. Lawsuits and judicial actions. Wage garnishments. Foreclosure and repossession actions (though these are typically temporary for secured property). The Role of the Trustee: A court-appointed Chapter 7 Bankruptcy Trustee takes charge of the bankruptcy estate. The trustee's primary duty is to identify, collect, and sell any non-exempt assets to generate funds for distribution to creditors. "No-Asset" vs. "Asset" Cases: In over 95% of individual Chapter 7 filings, the debtor retains all of their property because it is protected by state or federal exemption laws. These are called "no-asset" cases, and no money is distributed to unsecured creditors. Meeting of Creditors... --- - Published: 2023-07-29 - Modified: 2025-11-08 - URL: https://dmasinconsulting.com/chapter-11-bankruptcy/ CHAPTER 11 Chapter 11 Bankruptcy: Reorganization and Financial Rehabilitation for Businesses and High-Debt Individuals Chapter 11 bankruptcy is a complex, court-supervised legal process often referred to as "reorganization bankruptcy. " It is primarily utilized by businesses—from small firms to large corporations—to restructure their financial affairs, debt obligations, and operations while continuing to operate. It is also the exclusive reorganization option for individuals whose debts exceed the statutory limits of Chapter 13. The defining characteristic of Chapter 11 is its goal: to rehabilitate the debtor and confirm a viable Plan of Reorganization, not to liquidate assets immediately. How Chapter 11 Reorganization Works: The Debtor-in-Possession (DIP) Unlike Chapter 7, where a trustee takes control of the assets, in most Chapter 11 cases, the debtor becomes the Debtor-in-Possession (DIP). Continued Operations: The DIP retains control of the business, continuing to manage assets, collect revenue, and pay employees and suppliers. The court, however, oversees all major business decisions, such as selling assets, entering new contracts, or securing post-petition financing. Automatic Stay: Similar to other chapters, filing triggers an immediate Automatic Stay, halting most creditor actions, lawsuits, and collection efforts. This critical protection provides the DIP with the necessary breathing room to reorganize without the threat of immediate seizure or litigation. The Plan of Reorganization: The core objective is the development of a comprehensive Plan of Reorganization. This plan outlines how the debtor will restructure its debt, modify creditor rights (e. g. , lower interest rates, extend repayment terms), and emerge as a financially viable... --- - Published: 2023-07-29 - Modified: 2025-11-08 - URL: https://dmasinconsulting.com/chapter-13-bankruptcy/ CHAPTER 13 Chapter 13 Bankruptcy: The Wage Earner's Plan for Debt Reorganization and Asset Retention Chapter 13 bankruptcy, often called the "wage earner's plan" or a "reorganization bankruptcy," is a debt relief option available to individuals (including those operating as sole proprietors) with a regular, stable source of income. Unlike Chapter 7, which involves liquidation, Chapter 13 focuses on the debtor developing and completing a court-approved Repayment Plan to address their debts over a fixed period, typically to save a home or other valued assets. The primary goal of Chapter 13 is to allow debtors to catch up on missed secured payments, modify certain loan terms, and eventually discharge most remaining unsecured debt while retaining their property. Eligibility and Debt Limits for Chapter 13 To qualify for Chapter 13, a debtor must meet several strict statutory requirements: Regular Income: The debtor must demonstrate a regular and stable income sufficient to fund the proposed repayment plan. Debt Ceilings: The debtor's total debt must be below certain statutory limits, which are adjusted periodically (typically every three years). Secured Debt Limit: The amount of secured debt (e. g. , mortgages, car loans) must not exceed the current statutory cap (e. g. , approximately $\$1,395,875$ as of April 1, 2025). Unsecured Debt Limit: The amount of unsecured debt (e. g. , credit cards, medical bills) must also not exceed the current statutory cap (e. g. , approximately $\$465,275$ as of April 1, 2025). Means Test Application: Although Chapter 13 does not have the same... --- - Published: 2023-07-29 - Modified: 2025-11-10 - URL: https://dmasinconsulting.com/bankruptcy-in-the-united-states/ Bankruptcy Laws U. S. Bankruptcy Law: Federal Framework and State-Specific Variations (Exemptions & Means Test) Bankruptcy in the United States is primarily governed by the United States Bankruptcy Code (Title 11 of the U. S. Code), a system of federal law designed to apply uniform procedures across all 50 states. Every bankruptcy case, whether Chapter 7, 11, or 13, is filed and administered in the federal U. S. Bankruptcy Courts. However, the federal framework delegates several crucial financial elements to state control, creating significant variations that directly impact a debtor's outcome, particularly regarding asset protection. 1. Asset Protection: The Critical Role of Exemption Laws The single biggest state-level variable in bankruptcy is the law governing exemptions, which determines which property a debtor can legally protect and keep from the bankruptcy trustee (especially in Chapter 7 liquidation). Federal vs. State Systems: The Bankruptcy Code allows each state to choose whether its residents can use: Federal Exemptions: A uniform set of exemption limits established by the federal government. State Exemptions Only (Opt-Out States): States that have "opted out" of the federal system, meaning their residents must use the state's specific set of exemptions.   Choice States: States that allow the debtor to choose between the federal limits or the state limits, opting for the system that offers the greatest protection for their assets. The California Example: California is a notable "opt-out" state, meaning debtors must use California's unique exemption systems. California further complicates matters by offering two mutually exclusive state systems: System... --- - Published: 2023-07-17 - Modified: 2025-11-10 - URL: https://dmasinconsulting.com/ With over 20 years of experience serving as a seasoned Bankruptcy Trustee and court-appointed fiduciary, D Masin Consulting delivers specialized expertise vital for businesses facing financial distress, reorganization, or liquidation. We don't just advise; we take decisive control to stabilize situations and maximize recovery across a vast spectrum of industries. Agriculture (PACA claims) As a Trustee, we have a distinguished record of managing and resolving complex agricultural bankruptcies, with specialized expertise in PACA claims. Our critical role involves efficiently identifying, preserving, and administering statutory trust assets to ensure the superior payment priority for unpaid produce sellers, effectively navigating the specific legal intricacies that exempt these claims from the general bankruptcy estate. Artificial intelligence In the emerging sector of Artificial intelligence (AI), our Trustee accomplishments center on valuing intangible and intellectual property assets. This involves the crucial work of identifying proprietary code, data sets, and patents—the true value of an AI company—and determining the optimal strategy for their preservation or disposition, ensuring a maximal return for the estate from these high-value, specialized assets. Food services As a Trustee managing Food service liquidations, we have a proven ability to conduct rapid and compliant wind-downs of perishable operations. This entails the immediate management of inventory (including perishable goods), complex lease obligations, and liquor licenses, while ensuring the swift collection of accounts receivable. Our experience secures the highest possible recovery from fast-depleting assets for the benefit of creditors. Retail In the Retail sector, our Trustee role is marked by the swift and orderly liquidation... --- - Published: 2021-10-23 - Modified: 2025-11-08 - URL: https://dmasinconsulting.com/what-is-a-bankruptcy-trustee/ WHAT IS A BANKRUPTCY TRUSTEE ? What Does a Bankruptcy Trustee Do? A Bankruptcy Trustee is an impartial, private individual or firm appointed to oversee a bankruptcy case, playing a fundamental role in ensuring the integrity of the bankruptcy system and balancing the interests of the debtor and creditors. They are a vital administrative figure, and their duties and compensation vary significantly based on the chapter of the U. S. Bankruptcy Code under which a case is filed. In most of the United States (48 states), the However, the federal judicial districts in North Carolina and Alabama operate under a separate system utilizing Bankruptcy Administrators. Role: Bankruptcy Administrators perform the same general functions as the U. S. Trustee Program—appointing and supervising private trustees and monitoring case administration. Administration: The Bankruptcy Administrator program is managed by the Administrative Office of the U. S. Courts (Judicial Branch), unlike the U. S. Trustee Program (Executive Branch/DOJ), a difference that stems from historical legislation. This results in some procedural and fee-structure differences for cases filed in these two states. Chapter 7 - Liquidation Chapter 7 liquidation bankruptcy is available to individuals or businesses. Its purpose is to discharge certain debts in order to give the debtor a “fresh start. ” In Chapter 7, the trustee takes over the business property and sells it or turns it into cash to pay creditors. The debtor may be able to keep some personal items and possibly real estate, called “exempt property. ” Chapter 7 trustees are often... --- - Published: 2021-05-01 - Modified: 2025-11-07 - URL: https://dmasinconsulting.com/privacy-policy/ D Masin consulting specializes in Asset management and can also act as a field adjuster for a bankruptcy trustee or on behalf of the creditors in a General Assignment for the benefit of creditor of the bankruptcy trustee in the state of California. Privacy and Cookie Policy Effective Date: 21/06/2025 Last Updated: 07/11/2025 D Masin Consulting is committed to protecting the privacy and confidentiality of the personal information entrusted to us. This Privacy Policy details how we collect, use, and protect your information, and explains your rights under the California Consumer Privacy Act (CCPA), as amended by the California Privacy Rights Act (CPRA). 1. Applicability of This Policy This policy applies to all personal information collected through our website, during the delivery of our Bankruptcy Trustee Support and Insolvency Consulting services, and through any communications (electronic, written, or oral) with D Masin Consulting. 2. Information We Collect We only collect personal information that is reasonably necessary to provide our professional services, respond to inquiries, and for internal administrative purposes. In the preceding 12 months, we have collected the following categories of personal information: Category Examples of Data Collected Purpose of Collection Identifiers Name, contact number, email address, physical address, unique online identifiers (e. g. , IP address). Service delivery, communication, security, and verification. Professional/Employment Job title, company name, bankruptcy case role (e. g. , Trustee, Attorney, Debtor). Verification of professional standing and service contract fulfillment. Commercial Information Records of services purchased or considered, engagement history. Service invoicing, contract management, and... --- --- ## Posts ---