Madison County, Georgia bankruptcy trustee

A Madison County, Georgia bankruptcy trustee in may use, sell, or lease property in the debtor's estate in the ordinary course of business. In addition, the bankruptcy court may allow the trustee to operate the debtor's business for a limited period if continued operation is in the best interests of the estate and the creditors. For example, if the farm debtor is in the hog business and the estate consists of hogs of different sizes, the trustee can be permitted to feed the hogs till they attain market weight so as to maximize the amount recovered by the estate. However, if the livestock belonging to a farm debtor is subject to a valid, perfected security interest, the trustee will not, in most cases, undertake the further care and feeding of the livestock. Rather, he may abandon the property so as to restrict the estate's continued responsibility. Even though the appointment of a case trustee is very rare 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 before confirmation in a chapter 11 case. The judge, on application by a party in interest or the United States trustee and upon notice and hearing, can 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.

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