On the entry of an order for relief in a reorganization case, the creditors generally take over the operation of the debtor's business.

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On the entry of an order for relief in a reorganization case, the debtor typically remains in possession and control of their business under the oversight of the court and a trustee appointed to oversee the case. The creditors may have input and may receive payments from the debtor, but they do not generally take over the operation of the business.

On the Entry of an Order for Relief in a Reorganization