Appointment of resolution professional requires Board confirmation or nomination before Adjudicating Authority appoints for fresh start process. The Adjudicating Authority directs the Board to confirm or nominate a resolution professional for the fresh start process. If the debtor applies through a resolution professional, the Board must confirm that no disciplinary proceedings exist against that professional or nominate a suitable replacement; if the debtor applies without a professional, the Board must nominate one within the prescribed timeframe. The Adjudicating Authority appoints the Board's recommended or nominated resolution professional and provides that professional with a copy of the fresh start application.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appointment of resolution professional requires Board confirmation or nomination before Adjudicating Authority appoints for fresh start process.
The Adjudicating Authority directs the Board to confirm or nominate a resolution professional for the fresh start process. If the debtor applies through a resolution professional, the Board must confirm that no disciplinary proceedings exist against that professional or nominate a suitable replacement; if the debtor applies without a professional, the Board must nominate one within the prescribed timeframe. The Adjudicating Authority appoints the Board's recommended or nominated resolution professional and provides that professional with a copy of the fresh start application.
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