Trust in Trustees?

You are suddenly served with a motion filed by the U.S. Trustee for appointment of a Chapter 11 Trustee in a complex Chapter 11 bankruptcy proceeding you are involved in. You spent months prior to the bankruptcy filing negotiating directly with the debtor’s management. Now, the U.S. Trustee is alleging that the debtor’s senior management grossly misled public shareholders during an annual meeting of the stockholders prior to bankruptcy. Now what? Should you object to the motion?

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Related Content  

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  Understand the role of management during Chapter 11, including mechanisms to remove management during the proceeding.
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  Review this template to understand what a motion to appoint a Chapter 11 Trustee must include.
• Order Terminating Chapter 11 Trustee's Appointment
  Use this form order as an exhibit to a motion to terminate a Chapter 11 Trustee appointment and restore the debtor to possession.
• Chapter 11 Trustee Appointment Order
  Get up to speed when a bankruptcy judge orders appointment of a Chapter 11 Trustee by reviewing this template.

Practical Guidance Updates
Featuring the latest updates in Practical Guidance.

• Bankruptcy Provisions in the Consolidated Appropriations Act, 2021: Client Alert Digest
• Individual Chapter 11 Resource Kit
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.

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