Chatham County GA Chapter 11 Bankruptcy case trustee attorneys

Chapter 11 Bankruptcy trustee in Liberty County GA

In chapter 11 cases, the United States trustee, a federal employee, will not function as a case trustee, who is often a private individual. The United States trustee is responsible for observing all chapter 11 proceedings and has mandate to appear and be heard on any issue in any case, but may not submit a plan. The case trustee, on the other hand, is responsible for management of the assets of the estate, operation of the debtors business, and, if necessary, the submission of a plan of reorganization. Section 1106 of the Federal Code authorizes the trustee to file a plan “as soon as practicable” or, alternatively, to file a report demonstrating the reasons a plan will not be submitted or to recommend that the case be converted to another chapter or dismissed.

The court, upon notice and hearing, can, at any time before confirmation, on the request of a party in interest or the United States trustee, end the trustees appointment and restore the debtor to possession and management of the assets of the estate and of the operation of the debtors business.

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Savannah Georgia bankruptcy lawyer | Bankruptcy attorneys in Savannah GA and Richmond Hill – Filing for Chapter 13 Bankruptcy and Chapter 7 Bankruptcy in Savannah GA

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