Liquidating trustee cleveland

Perhaps this should be the rule, but the reasoning articulated in the decisions falls short of explaining why.

Conversion and Dismissal of a Chapter 11 Case Not every chapter 11 case culminates in the confirmation of a plan of reorganization or liquidation — some cases are dismissed outright, while others are converted to cases under other chapters of the Bankruptcy Code.

The imposition of a kind of moral calculus by bankruptcy judges in situations where the express terms of the Bankruptcy Code do not appear to require examination of a debtor’s underlying motivation (or the impact on other affected parties) has been a magnet for controversy during recent times.


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