Creditors Committee Functions

Help Finding Lawyers and Attorney Fee Guidelines

A committee comprised exclusively of creditors of an estate (at least 3, but not more than 7) may replace any trustee serving in a Chapter 7 cases. Interim trustees may be replaced without showing cause, and, after appointment or election, a successor trustee may be elected for cause shown. Replacement is rare in typical consumer cases filed under Chapter 7, and removal for cause is even more rare in all forms of bankruptcy. In the absence of agreement among creditors, the Court may appoint any appropriate candidate.