In bankruptcy reorganizations under Chapter 11, the court usually appoints a trustee to manage the company.

Name: In bankruptcy reorganizations under Chapter 11, the court usually appoints a trustee to manage the company.
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In Chapter 11 bankruptcy reorganizations, the debtor usually remains in control of its business operations as a debtor in possession, and a trustee is not typically appointed unless there is cause such as fraud or incompetence.

In Bankruptcy Reorganizations Under Chapter 11, the Court Usually Appoints