Section 1107 - Rights, Powers and Duties of Debtor in Possession


Title 11 of the United States Code - Bankruptcy
REORGANIZATION – CHAPTER 11


Rights, Powers and Duties of Debtor in Possession – Section 1107
11 USCS § 1107



(a) Subject to any limitations on a trustee serving in a case under this chapter [11 USCS §§ 1101 et seq.], and to such limitations or conditions as the court prescribes, a debtor in possession shall have all the rights, other than the right to compensation under section 330 of this title, and powers, and shall perform all the functions and duties, except the duties specified in sections 1106(a) (2), (3), and (4) of this title [11 USCS §§ 1106(a) (2), (3), and (4)], of a trustee serving in a case under this chapter [11 USCS §§ 1101 et seq.].
 
(b) Notwithstanding section 327(a) of this title, a person is not disqualified for employment under section 327 of this title by a debtor in possession solely because of such person's employment by or representation of the debtor before the commencement of the case.


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