When creditors succeed in obtaining an order for relief in an involuntary Chapter 11 case and the appointment of a Chapter 11 trustee, who controls the appeals for those orders? According to an April 28, 2011 order of the U.S. District Court for the District of Nevada, the correct answer is the Chapter 11 trustee.
USA, Nevada, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Bankruptcy, Debtor, Fiduciary, Investment banking, Standing (law), Involuntary dismissal, Wells Fargo, JPMorgan Chase, Trustee, Supreme Court of the United States, United States bankruptcy court, Tenth Circuit
The Executive Office of the United States Trustee, part of the Department of Justice, has embarked on an initiative to investigate bankruptcy-related practices of the major mortgage servicers. The United States Trustees have not identified any authority to conduct an investigation beyond specific matters pertaining to individual debtors or their estates.
USA, Banking, Insolvency & Restructuring, Morrison & Foerster LLP, Bankruptcy, Debtor, Testimony, Mortgage loan, US Department of Justice, Trustee