Section 1204 - Removal of Debtor in Possession
Title 11 of the United States Code - Bankruptcy
ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME – CHAPTER 12
Removal of Debtor in Possession –Section 1204
11 USCS § 1204
(a) On request of a party in interest, and after notice and a hearing, the court shall order that the debtor shall not be a debtor in possession for cause, including fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor, either before or after the commencement of the case.
(b) On request of a party in interest, and after notice and a hearing, the court may reinstate the debtor in possession.
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