Shortly after completing a 9-month stint as Receiver for Christian Financial Management, Robert S. Bernstein, Managing Partner of Bernstein-Burkley, P.C. was again at work as an estate fiduciary, this time as the Chapter 11 Trustee of Prime Plastics, Inc., appointed by the United States Bankruptcy Court in Pittsburgh. Prime Plastics, Inc., a company that manufactures toys and commercial food and drink containers, filed for Chapter 11 bankruptcy in February 2013 and is based in Washington, PA. For reasons not entirely clear in the Court records, the principal operators of Prime were removed from the business by Order of the Bankruptcy Court. Bernstein was selected as Trustee thereafter.
Christian Financial management was a fiscal agent for a state-managed Medicaid program, and managed payroll for thousands of direct care workers helping disabled persons stay in their homes. Bernstein was appointed by the Allegheny County Court of Common Pleas to take charge of the business, collect the money due it and make good on the paychecks due the thousands of workers.
When comparing the two appointments and the diverse nature of the businesses, Bernstein remarked that “the appointments are similar in that each company had creditors, employees and other stakeholders who needed to feel confident that someone organized is in charge and treating everyone fairly, according to the law.” “My work as a board-certified business bankruptcy specialist,” he continued, “combined with our team’s experience and skills allows me to simultaneously manage a number of fiduciary engagements simultaneously, along with my work for our more typical clients.”
Bernstein-Burkley, P.C. is a law firm located in downtown Pittsburgh with satellite offices throughout the state. The firm handles corporate bankruptcy and restructuring, creditors’ rights and business law. Please visit www.bernsteinlaw.com for more information or email firstname.lastname@example.org.