2070-1: CHAPTER 7 TRUSTEE: Motion to Operate a Business
Bankruptcy Code Section 721 authorizes a chapter 7 trustee to operate a debtor's business, under certain circumstances. LBR 2070-1 provides limitations and duties when a trustee seeks to operate a business.
- This may require filing of operating reports with the U.S. Trustee. See link below for instructions
- The trustee may need to obtain court approval to pay expenses. See link below
Section:
Section 4 - Match Local Bankruptcy Rules with Forms
Section Number or LBR Number:
2070-1
Reference to Local Rules and/or Forms:
Reference to Common Links: