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(a) Custodian’s Report and Account. A custodian required by the Code to deliver property to the trustee must promptly file and send to the United States trustee a report and account about the property of the estate and its administration.
(b) Examining the Administration. After the custodian’s report and account has been filed and the superseded administration has been examined, the court must, after notice and a hearing, determine whether the custodian’s administration has been proper, including whether disbursements have been reasonable.
Your trusted source for original insolvency articles and legislative updates.
| Article | Date |
|---|---|
| Pre-Petition Receiverships Can Impede Real Estate Reorganization | 11/30/2013 |
| Continuing Real Estate Receiverships Post-Petition | 05/31/2012 |
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