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REQUIREMENTS OF CHAPTER 11 DEBTOR IN POSSESSION
OR CHAPTER 11 TRUSTEE
(a) REPORTS BEFORE CONFIRMATION OF PLAN
The debtor, the debtor in possession, or chapter 11 trustee shall provide the United States trustee with reports covering financial, management, operational and such other information as the United States trustee requests in writing as necessary to properly supervise the administration of a chapter 11 case pursuant to the United States Trustee Notices and Guides. Timely compliance with the reasonable requirements of the United States trustee is mandatory. The United States trustee may, at any time during the pendency of a case, add or delete requirements where such modifications are necessary or appropriate.
(b) DUTY TO COMPLY WITH UNITED STATES TRUSTEE NOTICES AND GUIDES
A debtor in possession or chapter 11 trustee shall comply with the reasonable requirements of the United States trustee with respect to form, maintenance of records, and reporting requirements as set forth in the United States Trustee Notices and Guides.
(c) DUTIES UPON CONVERSION TO CHAPTER 7
Upon entry of an order converting a case to one under chapter 7, the debtor in possession or chapter 11 trustee, if any, shall, in addition to complying with those duties set forth in
F.R.B.P. 1019:
- (1)
- Secure, preserve and refrain from disposing of property of the estate.
- (2)
- Contact the chapter 7 trustee and arrange to deliver property of the estate and all books and records to the trustee or the trustee’s designated agent.
- (3)
- Within 5 days after entry of said order, file and serve upon the United States trustee and the chapter 7 trustee, a verified schedule of all property of the estate as of the conversion date.
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