Section 1304 - Debtor Engaged in Business


Title 11 of the United States Code - Bankruptcy
ADJUSTMENT OF DEBTS OF AN INDIVIDUAL WITH REGULAR INCOME – CHAPTER 13


Debtor Engaged in Business –Section 1304
11 USCS § 1304



(a) A debtor that is self-employed and incurs trade credit in the production of income from such employment is engaged in business.
 
(b) Unless the court orders otherwise, a debtor engaged in business may operate the business of the debtor and, subject to any limitations on a trustee under sections 363(c) and 364 of this title [11 USCS §§ 363(c) and 364] and to such limitations or conditions as the court prescribes, shall have, exclusive of the trustee, the rights and powers of the trustee under such sections.
 
(c) A debtor engaged in business shall perform the duties of the trustee specified in section 704(8) of this title [11 USCS § 704(8)].


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