Irving Picard. the bankruptcy trustee in the Bernard Madoff case, exits the U.S. Bankruptcy Court in New York February 2, 2010. The Picard and victims of convicted schemer Bernard Madoff will wait to find out what compensation they'll be able to receive from his estate during hearings in Manhattan's Bankruptcy court. REUTERS/Brendan McDermid (UNITED STATES - Tags: CRIME LAW BUSINESS)