11 USC 1204 – Removal of debtor as debtor in possession
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(a) On request of a party in interest, and after notice and a hearing, the court shall order that the debtor shall not be a debtor in possession for cause, including fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor, either before or after the commencement of the case.
Terms Used In 11 USC 1204
- Fraud: Intentional deception resulting in injury to another.
(b) On request of a party in interest, and after notice and a hearing, the court may reinstate the debtor in possession.
