Replies to post #706484 on Fannie Mae-No Politics (FNMA)

[The Man With No Name]

You contradicted yourself once again.

Quote:
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.

Quote:
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"

Here is the law, read it and weep:

341(a)Within a reasonable time after the order for relief in a case under this title, the United States trustee shall convene and preside at a meeting of creditors.

341(b)The United States trustee may convene a meeting of any equity security holders.

Thanks for playing! Now I'm done wasting my time with you.