§324. Removal of trustee or examiner
Primary source
Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§324. Removal of trustee or examiner
(a) The court, after notice and a hearing, may remove a trustee, other than the United States trustee, or an examiner, for cause.
(b) Whenever the court removes a trustee or examiner under subsection (a) in a case under this title, such trustee or examiner shall thereby be removed in all other cases under this title in which such trustee or examiner is then serving unless the court orders otherwise.
Historical and Revision Notes
senate report no. 95–989
This section permits the court, after notice and a hearing, to remove a trustee for cause.
Editorial Notes
Amendments
1986—Pub. L. 99–554 amended section generally, designating existing provisions as subsec. (a), substituting "a trustee, other than the United States trustee, or an examiner" for "a trustee or an examiner", and adding subsec. (b).
Statutory Notes and Related Subsidiaries
Effective Date of 1986 Amendment
Effective date and applicability of amendment by Pub. L. 99–554 dependent upon the judicial district involved, see section 302(d), (e) of Pub. L. 99–554, set out as a note under section 581 of Title 28, Judiciary and Judicial Procedure.
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What is the 31 US Code 324?+
31 U.S. Code § 324 - Disposing and extending the maturity of obligations. make arrangements to extend the maturity of those obligations.
Sourced from 31 U.S. Code § 324 - Disposing and extending the maturity of obligations
How do chapter 11 trustees get paid?+
By law, the debtor in possession must pay a quarterly fee to the U.S. trustee for each quarter of a year until the case is converted or dismissed. 28 U.S.C. § 1930(a)(6). The amount of the fee, which may range from $325 to $30,000, depends on the amount of the debtor's disbursements during each quarter.
Sourced from Chapter 11 - Bankruptcy Basics - United States Courts
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