Who is in charge of the affairs of Pearlman and Trans Continental Airlines, the Trustee or the Receiver?
On March 27, 2007, Soneet R. Kapila was appointed Chapter 11 Trustee of the bankruptcy estates of Louis J. Pearlman and Trans Continental Airlines, Inc. Since that time, Mr. Kapila has been appointed Trustee in other related cases [see “Related Cases” tab.] As he is appointed, the Trustee will take over control of the assets and affairs of the additional entities.