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of <h1>Insolvency professionals can be bankruptcy trustees if independent, not in disciplinary proceedings, and disclose past audit fees.</h1> An insolvency professional is eligible to be appointed as a bankruptcy trustee if they, their associated entity, and all partners or directors are independent of the guarantor, are not under disciplinary proceedings, and do not represent any party in the bankruptcy process. Independence is defined as not being an associate or related party of the guarantor. A bankruptcy trustee who audited the guarantor in the past three years must disclose audit remuneration. Professionals not involved in filing applications on behalf of guarantors or creditors must provide written consent to the Adjudicating Authority before appointment.
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