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Re: Learning Stocks post# 7104

Friday, 08/13/2010 3:07:42 PM

Friday, August 13, 2010 3:07:42 PM

Post# of 74547
All bankruptcy cases have a us trustee so that point is moot. The assertion that "grudge" made was that the trustee wanted to convert the case which a us trustee does not do.
A US trustee only gets involved when some sort of malphesance is suspected and to ensure state law is followed...its the judge who has control of the case.

Their(ust) only role is to oversee(act as a watchdog) the process not make decisions of behalf of the parties involved and will not be heard on the filing of a POR. Therefore its the judge's decision whether this case will be converted and the us trustee will recommend an examiner or case trustee if he/she believes/determines fraud is occuring.

What is being forgotten is that this was a "voluntary" bankruptcy.
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