Vacancy in office of bankruptcy trustee: prescribed replacement process requires Board recommendation and expedited appointment. Vacancy in the office of a bankruptcy trustee triggers a replacement procedure: the Adjudicating Authority directs the Board to recommend a successor, the Board must promptly recommend a trustee, and the Adjudicating Authority must appoint that recommended trustee within the prescribed period. The outgoing trustee must deliver possession of the bankrupt's estate to the new trustee on appointment, may be directed to share information and cooperate, and the new trustee must notify the committee of creditors and the bankrupt of his appointment.
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.
Vacancy in office of bankruptcy trustee: prescribed replacement process requires Board recommendation and expedited appointment.
Vacancy in the office of a bankruptcy trustee triggers a replacement procedure: the Adjudicating Authority directs the Board to recommend a successor, the Board must promptly recommend a trustee, and the Adjudicating Authority must appoint that recommended trustee within the prescribed period. The outgoing trustee must deliver possession of the bankrupt's estate to the new trustee on appointment, may be directed to share information and cooperate, and the new trustee must notify the committee of creditors and the bankrupt of his appointment.
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