Bankruptcy Mediation Panel

A Bankruptcy Mediation Panel is a group of trained professionals, typically experienced attorneys or financial experts, who facilitate negotiations between debtors and creditors during bankruptcy cases. Their goal is to help parties reach a mutually acceptable agreement, often avoiding lengthy court battles and reducing costs. Mediation can lead to more flexible solutions regarding debts, assets, and repayment plans. The panel operates independently of the court, providing a neutral setting where parties can communicate openly. Overall, the panel aims to promote fair, efficient resolutions while preserving relationships and optimizing outcomes for everyone involved.