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FFFacts

01/06/22 2:44 PM

#706484 RE: The Man With No Name #706483

You contradicted yourself once again.

The Creditors Committee is always appointed by the US Trustee pursuant to statute...



Then you go on to quote an actual law which is counter to your squabble.

11 USC 341(a). The US Trustee may appoint an Official Equity Committee but that is totally within the discretion of the U.S. Trustee. The bankruptcy court judge may also appoint an Official Equity Committee on motion of a party with standing, but only if it is determined the company is neither insolvent or hopelessly insolvent.



There is a difference between "is always" and "may"