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11 U.S.C. § 721 — Authorization to operate business

submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 37 words · no verdicts yet

in plain englishAI-generated · not legal advice

The court may let the debtor’s trustee operate the business for a limited time if doing so benefits the estate and fits an orderly liquidation.

The court may authorize the trustee to operate the debtor’s business for a limited period if operating it is in the estate’s best interest and is consistent with liquidating the estate in an orderly way.
the actual law source: uscode.house.gov ↗public domain

The court may authorize the trustee to operate the business of the debtor for a limited period, if such operation is in the best interest of the estate and consistent with the orderly liquidation of the estate.

Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2606.)

history & why it existsrecord from the source credit
  • 1978Enacted · Pub. L. 95-598 · 92 Stat. 2606

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.

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