Bankruptcy Mediation Program

The Bankruptcy Mediation Program is a process used in bankruptcy cases to help parties resolve disagreements outside of court. When individuals or businesses face bankruptcy, they often have disputes with creditors, which can prolong the proceedings. Mediation involves a neutral third party, called a mediator, who facilitates discussions between the parties to find a mutually acceptable solution. This approach can save time and reduce costs, making it easier to reach a settlement without the need for lengthy court battles, ultimately helping debtors and creditors come to a fair agreement.