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11 U.S.C. § 1204 — Removal of debtor as debtor in possession

submitted 40 years ago by Pub. L. 99-554 to r/title-11-BANKRUPTCY · 74 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about removal of debtor as debtor in possession. It applies only to the people, entities, property, actions, deadlines, and exceptions stated in the section.

(a) On request of a party in interest, and after notice and a hearing, the court must order that the debtor must not be a debtor in possession for cause, including fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor, either before or after the commencement of the case. (b) On request of a party in interest, and after notice and a hearing, the court may reinstate the debtor in possession.
the actual law source: uscode.house.gov ↗public domain
(a)

On request of a party in interest, and after notice and a hearing, the court shall order that the debtor shall not be a debtor in possession for cause, including fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor, either before or after the commencement of the case.

(b)

On request of a party in interest, and after notice and a hearing, the court may reinstate the debtor in possession.

Source credit: (Added and amended Pub. L. 99–554, title II, § 255, title III, § 302(f), Oct. 27, 1986, 100 Stat. 3107, 3124; Pub. L. 103–65, § 1, Aug. 6, 1993, 107 Stat. 311; Pub. L. 105–277, div. C, title I, § 149(a), Oct. 21, 1998, 112 Stat. 2681–610; Pub. L. 106–5, § 1(1), (2), Mar. 30, 1999, 113 Stat. 9; Pub. L. 106–70, § 1, Oct. 9, 1999, 113 Stat. 1031; Pub. L. 107–8, § 1, May 11, 2001, 115 Stat. 10; Pub. L. 107–17, § 1, June 26, 2001, 115 Stat. 151; Pub. L. 107–170, § 1, May 7, 2002, 116 Stat. 133; Pub. L. 107–171, title X, § 10814(a), May 13, 2002, 116 Stat. 532; Pub. L. 107–377, § 2(a), Dec. 19, 2002, 116 Stat. 3115; Pub. L. 108–73, § 2(a), Aug. 15, 2003, 117 Stat. 891; Pub. L. 108–369, § 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub. L. 109–8, title X, § 1001(a)(1), (c), Apr. 20, 2005, 119 Stat. 185, 186.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-554 · 100 Stat. 3107, 3124
  • 1993Amended · Pub. L. 103-65 · 107 Stat. 311
  • 1998Amended · Pub. L. 105-277 · 112 Stat. 2681
  • 1999Amended · Pub. L. 106-5 · 113 Stat. 9
  • 1999Amended · Pub. L. 106-70 · 113 Stat. 1031
  • 2001Amended · Pub. L. 107-8 · 115 Stat. 10
  • 2001Amended · Pub. L. 107-17 · 115 Stat. 151
  • 2002Amended · Pub. L. 107-170 · 116 Stat. 133
  • 2002Amended · Pub. L. 107-171 · 116 Stat. 532
  • 2002Amended · Pub. L. 107-377 · 116 Stat. 3115
  • 2003Amended · Pub. L. 108-73 · 117 Stat. 891
  • 2004Amended · Pub. L. 108-369 · 118 Stat. 1749
  • 2005Amended · Pub. L. 109-8 · 119 Stat. 185, 186

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-554 on 1986-10-27.

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