Bankruptcy

Appointment of Trustee/Debtor-in-Possession

In Chapter 7 cases, a trustee is always appointed and the debtor may not act as debtor-in-possession. In Chapter 11, 12, and 13 cases, a trustee may be appointed or, if acceptable to both the court and creditors as evidenced by an approved plan under the applicable chapter, the debtor may remain in control of the estate as debtor-in-possession subject to the provisions of the plan.