i.
Claims reconciliation
AI reads every proof of claim and reconciles it against Schedules D/E/F, returning a verified claims register with each figure traceable to its source.
Trustee OS for the United States
The operating system for the bankruptcy trustee.
Built on Title 11 of the U.S. Code, for Chapter 7 liquidations, Chapter 11 reorganisations and Chapter 13 plans.
The framework
Three chapters.
Chapter 7
Liquidation. A panel trustee is appointed by the U.S. Trustee from a district panel, collects and liquidates non-exempt assets and distributes the proceeds.
Chapter 11
Reorganisation. The debtor usually stays in possession, and a court-approved claims and noticing agent administers the claims register in larger cases.
Chapter 13
Individual repayment plans administered by a standing trustee.
The role
What the trustee has to do.
- 01
Review proofs of claim (Official Form 410) against the debtor's Schedules D, E and F.
- 02
Conduct the meeting of creditors under § 341(a).
- 03
Collect, marshal and liquidate estate assets.
- 04
File monthly operating reports on UST Form 11-MOR under 28 C.F.R. § 58.8, and post-confirmation reports on UST Form 11-PCR.
- 05
Produce uniform final reports under 28 C.F.R. § 58.7.
- 06
Calculate and make distributions to creditors in statutory priority.
The forms are uniform. The work behind them is still manual.
The caseload
The market, in five numbers.
- bankruptcy filings, year to Dec 2025
- 574,314
- year on year
- +11%
- Chapter 7
- 356,724
- Chapter 11
- 9,201
- business filings
- 24,737
U.S. Courts, year ending 31 December 2025.
Why now, specifically
Pre-cloud software, private-equity owned.
The software running this today predates the cloud. The incumbents — Stretto, Epiq, Kroll — were each taken by private equity at US$1–3B; Stretto alone serves roughly half of all Chapter 7 panel trustees and administers about a quarter of the filings that need a claims and noticing agent.
None of it has been rebuilt with AI. The forms are uniform and machine-readable, the claims are unstructured PDFs, and the reconciliation between them is still done by hand.
The modules
Mapped to US bankruptcy vocabulary.
ii.
Operating reports
UST Form 11-MOR and 11-PCR drafted from the case's own data.
iii.
§ 341 preparation
The meeting file assembled and cross-checked before you walk in.
iv.
Creditor portal & noticing
Claimants get answers 24/7; noticing runs off the same register.
v.
Distributions & final reports
Waterfall by statutory priority, and the uniform final report generated from it.