Metal Partners trustee hires special counsel for Chapter 5 claims

Chicago, Dec. 19 – Metal Partners Rebar, LLC’s trustee for its converted Chapter 7 case has moved to hire Bankruptcy Recovery Group, LLC as special counsel, according to an application filed with the U.S. Bankruptcy Court for the District of Nevada.

The special counsel will focus on the debtors’ estates’ actions arising under Chapter 5, excluding the pending adversary portion that lists Traxys North America LLC that will continue to be prosecuted by Schwartzer and Imes Law Firm PC.

Bankruptcy Recovery Group has been selected because of its experience prosecuting fraudulent transfer and preference claims.

Metal Partners’ statement of financial affairs reflects more than 100 potential preferential transferees.

A hearing regarding the appointment will be held on Jan. 18.

The case was converted in April.

Metal Partners is a fabricator of reinforcing bars and other steel products. The company filed Chapter 11 bankruptcy on June 16, 2020 under case number 20-12878.

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