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Latest revision as of 13:15, 31 December 2024

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The court, on activity by a party in rate of interest or the U.S. trustee and after notice and hearing, shall order the appointment of a situation trustee for cause, including fraud, dishonesty, inexperience, or gross mismanagement, or if such a visit remains in the interest of financial institutions, any kind of equity safety and security holders, and various other passions of the estate.

A case supplementary to a pending bankruptcy proceeding in a foreign nation is commenced by an international agent" under phase 15. The international rep has the right of direct access to United States courts for the function of submitting a request for recognition of a foreign proceeding" 11 U.S.C. § § 1504 and 1509.