BFA was family. BFA salesmen and officials joined investors at their kitchen tables for coffee, took the old folks out to dinner. Naturally, investors trusted them. BFA folks were good Christians. But they were crooks.
Several committees have different lawyers and different accountants.
Although the professionals say they hope to resolve the bankruptcy within a few months, many financially pinched investors voiced concern over what they saw as their money being squandered on professionals. But before that proposal went before the bankruptcy judge for approval, investors had organized opposition. That proposal was scrapped and replaced with a straight liquidation plan that still must be approved by the judge and investors. Currently, Panter is serving as BFA's temporary chief executive officer. They also accused Panter of mismanaging Main Street and Main, a once-troubled restaurant company.