On the entry of an order for relief in a Chapter 11 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 Chapter 11 case, the debtor remains in possession and control of its assets and business operations as a debtor-in-possession. The debtor-in-possession is responsible for managing its affairs and making decisions on behalf of the bankruptcy estate under the supervision of the bankruptcy court. However, the bankruptcy court may appoint a trustee to take over the debtor's business operations in certain circumstances.

On the Entry of an Order for Relief in a Chapter