Is a bankruptcy trustee obligated to pursue all causes of action?
MultiRegion, United States of America
The following excerpt is from In re MBK, Inc., 92 BR 429 (Bankr. C.D. Cal. 1987):
Siple criticizes the trustee for failing to file some suits to recover from creditors. A bankruptcy trustee is not bound to pursue every cause of action but may decide prosecution is not warranted. Meyer v. Fleming, 327 U.S. 161, 165-167, 66 S.Ct. 382, 385-86, 90 L.Ed. 395 (1946). The trustee should "make the choice which is most advantageous to the estate." Id. at 168, 66 S.Ct. at 386.
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