Replacement of bankruptcy trustee enables creditors' committee to initiate substitution subject to board recommendation and adjudicating appointment.

Replacement of a bankruptcy trustee allows the Committee of Creditors to propose substitution by a prescribed supermajority and apply to the Adjudicating Authority, which directs the Board to recommend a successor against whom no disciplinary proceedings are pending; the Authority then appoints the recommended trustee, the outgoing trustee must deliver possession and share information, the replaced trustee is released per statutory provision, and the new trustee must notify the bankrupt within seven days.

---

---

---