The Creditors Committee represents the legitimate interests of bankruptcy creditors and supervises the actions of the arbitrator manager. Furthermore, the creditors' commission always operates within the framework of federal laws. In the event that the creditors committee represents the legitimate interests of the bankruptcy trustee, then the question arises: who is the bankruptcy trustee? An appointed bankruptcy trustee is a natural or legal person appointed by the arbitration court when the decision is made to declare the debtor bankrupt. In fact, the creditors committee is made up of many bankruptcy managers, since we are mainly talking about a class action lawsuit.

The Committee of Creditors is a group of people tasked with overseeing a bankruptcy proceeding. They are elected by the active creditors of the company and meet on a regular basis to make decisions about how to best manage the proceedings. The Committee is required to represent all creditors of the same class, meaning they must make decisions based on what's best for all rather than just some.

A committee of creditors is a group formed during insolvency or bankruptcy proceedings to represent the collective interests of creditors. It typically includes major unsecured creditors such as banks, suppliers, or bondholders. The committee acts as a bridge between creditors, the debtor, and the insolvency professional or court.

Its main role is oversight. The committee reviews financial information, evaluates restructuring or liquidation plans, and votes on key decisions affecting debt recovery. Members aim to maximize value while ensuring fair treatment among creditors. Decisions are usually based on voting power linked to the amount owed.

By centralizing creditor input, the committee improves transparency, speeds up decision making, and reduces conflicts. It plays a critical role in shaping outcomes during corporate distress and restructuring processes.