Warner Robins Georgia Chapter 11 Bankruptcy case trustee attorney
Chapter 11 Bankruptcy trustee in Macon GA
In chapter 11 proceedings, the United States trustee, a federal employee, can not function as a case trustee, who is usually a private individual. The US trustee is responsible for observing all chapter 11 proceedings and has authority to appear and be heard on any issue in any case, but may not submit a plan. The case trustee, however, is responsible for management of the property of the estate, operation of the debtors business, and, if required, the filing of a plan of reorganization. Section 1106 of the United States Code mandates the trustee to submit a plan “as soon as practicable” or, alternatively, to submit a report detailing why a plan will not be filed or to recommend that the case be converted to another chapter or dismissed.
The court, upon notice and hearing, can, at any time prior to confirmation, at 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 management of the debtors business.
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Macon Georgia bankruptcy lawyer | Bankruptcy attorneys in Macon GA and Warner Robins – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Macon GA
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