Certificate Of Retention Of Debtor In Possession {B2070}

B2070 (Form 2070) CERTIFICATE OF RETENTION OF DEBTOR IN POSSESSION. This form is used to certify that the debtor is still in control of their estate, and that no trustee has been appointed. This document may be required by the court or by creditors as evidence that the debtor is still authorized to operate and manage their assets and operations. When a bankruptcy case is filed, the appointment of a trustee may be necessary depending on the type of bankruptcy and the specific circumstances of the case. In some cases, the court may allow the debtor to continue operating their business as a debtor in possession. This is typically the case in Chapter 11 bankruptcies, which are designed to help businesses reorganize and continue operating. www.FormsWorkflow.com