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Chapter 7 trustees are selected by the U.S. Trustee from a "panel" of individuals residing or having offices in the judicial district where the bankruptcy case is filed. Federal law prohibits the U.S. Trustee from requiring the trustee to be licensed as an attorney. Because trustees must be knowledgeable about bankruptcy law and procedure in ...
"Standard Search". Federal Law Clerk Information System. Archived from the original on October 21, 2005. primary but incomplete source for the duty stations "Instructions for Judicial Directory". University of Texas Law School. Archived from the original on November 11, 2005
If for any reason all panel and/or standing trustees are disqualified or unable to perform, the U.S. Trustee may serve as trustee for a particular case under Chapter 7, 12 or 13. This very rarely happens. The U.S. Trustee's office conducts the first meeting of creditors in a Chapter 11 case. Most Chapter 11's do not require the appointment of a ...
In limited circumstances, the creditors involved in a bankruptcy case can elect a trustee. In a Chapter 7 Bankruptcy ("Liquidation") the trustee gathers the debtor's non-exempt property, managing the funds from the sale of those assets, and then paying expenses and distributing the balance to the owed creditors.
It is located in Downtown Sacramento at the intersection of Capitol Mall and 7th Street (south platform) and 8th Street (north platform) and within walking distance of the California State Capitol, Tower Bridge, Golden 1 Center, and Raley Field. Also, it is the westernmost station served by all three lines where transfers can be made between ...
For all bankruptcies (consumer or business) filed under Chapter 7, 12 or 13 of Title 11 of the United States Code (the Bankruptcy Code), a trustee (the "trustee in bankruptcy" or TIB) is appointed by the United States Trustee, an officer of the Department of Justice that is charged with ensuring the integrity of the bankruptcy system and with ...
The Sacramento County Public Law Library (SCPLL) is a public law library in the capital city of the State of California. In 1891 the state of California enacted statutes [ 1 ] mandating an independent law library in every county.
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]