Sub V Trustee May Be Discharged When the Debtor Makes Plan Payments
Bankruptcy Judge Larson administratively closed a Sub V case after substantial consummation.
You Can Check Out Any Time You Like, but You Can Never Leave (Chapter 11, That Is)
Please sign in to access Materials or click here to join ABI.
To Avoid U.S. Trustee Fees, Court Liberally Allows Closing a Case After Confirmation
Pending adversary proceedings don’t preclude a finding that the chapter 11 case has been ‘fully administered,’ thus allowing entry of a final decree and cutting off further fees owing to the U.S. Trustee Program.
Court:
Plan and Confirmation Issues: RSAs, Third-Party Releases, Valuation, Classification and Gifting
Please sign in to access Materials or click here to join ABI.