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Revision as of 08:25, 31 December 2024

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The court, on motion by a party in passion or the U.S. trustee and after notice and hearing, shall purchase the visit of an instance trustee for cause, including scams, deceit, incompetence, or gross mismanagement, or if such a visit remains in the interest of financial institutions, any equity safety owners, and various other rate of interests of the estate.

Trigger for termination or conversion additionally includes an unexcused failure to prompt conformity with reporting and declaring demands; failure to go to the conference of lenders or attend an assessment without excellent cause; failure to prompt supply info to the U.S. trustee; and failure to timely pay post-petition taxes or timely documents post-petition returns Fed.