What is a “Chapter 11 trustee”?

A Chapter 11 trustee is a person assigned by the court to administer a Chapter 11 bankruptcy case. This person is responsible for ensuring that all creditors are being treated fairly and that the debtor is making payments as agreed upon in their Chapter 11 plan. The Chapter 11 trustee is also known as a case trustee. The role of the Chapter 11 trustee is to make sure that the debtor is following the court’s orders, that the creditors are paid what they are owed, and that the Chapter 11 plan is followed. The Chapter 11 trustee may also represent the creditors in negotiations with the debtor. They may also negotiate payment plans with the creditor and advise them on the best course of action. In California, the current regulations governing Chapter 11 trustees are outlined in Section 3306 of the Bankruptcy Code. This section specifies the duties of the Chapter 11 trustee, including their role in overseeing the bankruptcy case and the responsibilities they have to the creditors during the bankruptcy process. A Chapter 11 trustee is a very important part of the bankruptcy process in California as they are responsible for ensuring that creditors are paid what they are owed, that the debtor’s plan is followed, and that each party is treated fairly.

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What is a “Chapter 11 trustee”?

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