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Circuit City Stores, Inc. and its affiliates filed for Chapter 11 bankruptcy in 2008 in the United States Bankruptcy Court for the Eastern District of Virginia — a Trustee Program district.
Most of those districts operate under the United States Trustee Program, housed in the Department of Justice. Six districts, however – those in Alabama and North Carolina – are grandfathered into a ...
In a recent decision, the U.S. Supreme Court addressed the appropriate remedy for the prior discriminatory application of U.S. Trustee quarterly fees in Chapter 11 cases.
As fortune favors the bold, Trump and the DOJ should go even further and close the entire corrupt US Trustee’s Office. For 200 years, the U.S. did without this program.
US bankruptcy code allows a judge to name a Chapter 11 trustee in cases of “fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor by the current management.” ...
While the up-to-$6 billion deal was initially approved by a New York court in May, it was blocked from moving forward after the US Trustee Program, a division of the US Justice Department ...