0:04
so there is no panel trustee in a
0:06
chapter 11 the US trustees office does
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oversee the case but what happens in a
0:13
chapter 11 is the business or the
0:15
individual essentially acts as their own
0:18
trustee they’re what’s called a debtor
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in possession they act as their own
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trustee they administer the estate
0:24
themselves and they have a fiduciary
0:26
duty to do that that keeps control with
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the company or with the person