Release of bankruptcy trustee requires successor appointment and mandatory transfer of information and cooperation during transition. A bankruptcy trustee is released from office when a new trustee is appointed following replacement, resignation or other vacancy, with the release effective on the appointment date; notwithstanding release, the outgoing trustee must share all information and cooperate with the incoming trustee. Where administration is completed, release occurs upon approval of the trustee's report by the committee of creditors.
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.
Release of bankruptcy trustee requires successor appointment and mandatory transfer of information and cooperation during transition.
A bankruptcy trustee is released from office when a new trustee is appointed following replacement, resignation or other vacancy, with the release effective on the appointment date; notwithstanding release, the outgoing trustee must share all information and cooperate with the incoming trustee. Where administration is completed, release occurs upon approval of the trustee's report by the committee of creditors.
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