Columbia County, Georgia bankruptcy trustee

The Columbia County, Georgia bankruptcy trustee in may use, sell, or lease property in the filer’s estate in the ordinary course of business. Besides, a bankruptcy court will authorize the trustee to operate the debtor's business for a limited period if continued operation is in the best interests of the all. For instance, if the farm debtor is in the hog business and the estate is made of hogs of varying sizes, the trustee may be authorized to feed the hogs till they attain market weight so as to maximize the amount recovered by the estate. However, when the livestock owned by a farm debtor is subject to a valid, perfected security interest, the trustee will not, in almost all cases, undertake the continued care and feeding of the livestock. Instead, the trustee may abandon the property so as to limit the estate's continued responsibility. Though the appointment of a case trustee is rarely occurs in a chapter 11 proceeding, a party in interest or the United States trustee may apply for the appointment of a case trustee or examiner at any time prior to confirmation in a chapter 11 case. The judge, on request by a party in interest or the United States trustee and upon notice and hearing, may order the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests of the estate.

---------------------We are Augusta GA bankruptcy lawyer | Georgia attorney that assist their clients in filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Augusta GA.