Columbus, Georgia bankruptcy trustee

The Columbus, Georgia bankruptcy trustee in can use, sell, or lease property in the filer’s estate in the usual course of business. Besides, a bankruptcy court will authorize a trustee to operate the filer’s business for a certain time when continued operation is in the best interests of the all. For example, if the farm debtor is in the hog business and the estate consists of hogs of varying sizes, the trustee can be allowed 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 almost all 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 case, 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 proceeding. The judge, on request by a party in interest or the United States trustee and upon notice and hearing, may 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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