What happens if a trustee is appointed in a Chapter 11 case?
If appointed, the trustee assumes most of the management functions of the debtor’s business and takes control of the debtor’s property. In effect, the trustee will replace the debtor’s current management in the operation of the debtor’s business during the course of the Chapter 11 case until a plan is confirmed. The trustee may also assume control over many aspects of the debtor’s Chapter 11 case.
