Official committee of unsecured creditors (U.S.)

An Official Committee of Unsecured Creditors in the U.S. is a group of creditors who do not have collateral securing their debts, such as suppliers or vendors, selected early in a bankruptcy case. Their role is to represent the interests of all unsecured creditors, participate in negotiations with the debtor, review financial information, and help influence the restructuring or liquidation plan. The committee ensures transparency and fairness in the process, advocating for creditors’ rights while working with the court and the debtor to achieve a financially sustainable resolution.