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► 11 U.S.C. § 721 11 u.s.c. · liquidation · title 11
11 U.S.C. § 721
Authorization to operate business
Title 11 USC
● ACTIVE
Ch. 7
Jurisdiction Federal — United States
Chapter LIQUIDATION
Primary Source uscode.house.gov ↗
Federation ID OM-USC11-SEC-7E3C03
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 11 - BANKRUPTCY 11 U.S.C. United States Code, 2023 Edition Title 11 - BANKRUPTCY CHAPTER 7 - LIQUIDATION SUBCHAPTER II - COLLECTION, LIQUIDATION, AND DISTRIBUTION OF THE ESTATE Sec. 721 - Authorization to operate business From the U.S. Government Publishing Office, www.gpo.gov

§721. Authorization to operate business

The court may authorize the trustee to operate the business of the debtor for a limited period, if such operation is in the best interest of the estate and consistent with the orderly liquidation of the estate.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2606.)

Historical and Revision Notes senate report no. 95–989 This section is derived from section 2a(5) of the Bankruptcy Act [section 11(a)(5) of former title 11]. It permits the court to authorize the operation of any business of the debtor for a limited period, if the operation is in the best interest of the estate and consistent with orderly liquidation of the estate. An example is the operation of a watch company to convert watch movements and cases into completed watches which will bring much higher prices than the component parts would have brought.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 11 U.S.C. § 721 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 11 U.S.C. § 707 11 U.S.C. § 722 →
Chapter 7 — LIQUIDATION
11 U.S.C. § 70111 U.S.C. § 70211 U.S.C. § 70311 U.S.C. § 70411 U.S.C. § 70511 U.S.C. § 70611 U.S.C. § 70711 U.S.C. § 72111 U.S.C. § 72211 U.S.C. § 72311 U.S.C. § 72411 U.S.C. § 72511 U.S.C. § 72611 U.S.C. § 72711 U.S.C. § 72811 U.S.C. § 74111 U.S.C. § 74211 U.S.C. § 74311 U.S.C. § 74411 U.S.C. § 74511 U.S.C. § 74611 U.S.C. § 74711 U.S.C. § 74811 U.S.C. § 749
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11 U.S.C.
Citation
11 U.S.C. § 721
Status
● ACTIVE
Chapter
7 — LIQUIDATION
Title
Bankruptcy
Jurisdiction
Federal
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OM-USC11-SEC-7E3C03
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Bankruptcy — 11 U.S.C. § 721