Trustees for Jointly Administered Estates

(a) CREDITORS’ RIGHT TO ELECT A SINGLE TRUSTEE. Except in a case under Subchapter V of Chapter 7 or Subchapter V of Chapter 11, if the court orders that 2 or more estates be jointly adminis- tered under Rule 1015(b), the creditors may elect a single trustee for those estates. (b) CREDITORS’ RIGHT TO ELECT A SEPARATE TRUSTEE. Except in a case under Subchapter V of Chapter 7 or Subchapter V of Chap- ter 11, any debtor’s creditors may elect a separate trustee for the debtor’s estate under § 702—even if the court orders joint adminis- tration under Rule 1015(b). 33 FEDERAL RULES OF BANKRUPTCY PROCEDURE Rule 2012 (c) UNITED STATES TRUSTEE’S RIGHT TO APPOINT INTERIM TRUST- EES IN CASES WITH JOINTLY ADMINISTERED ESTATES. (1) Chapter 7. Except in a case under Subchapter V of Chapter 7, the United States trustee may appoint one or more interim trustees for estates being jointly administered in Chapter 7. (2) Chapter 11. If the court orders or the Code requires the ap- pointment of a trustee, the United States trustee may appoint one or more trustees for estates being jointly administered in Chapter 11. (3) Chapter 12 or 13. The United States trustee may appoint one or more trustees for estates being jointly administered in Chapter 12 or 13. (d) CONFLICTS OF INTEREST. On a showing that a common trust- ee’s conflicts of interest will prejudice creditors or equity security holders of jointly administered estates, the court must order the selection of separate trustees for the estates. (e) KEEPING SEPARATE ACCOUNTS. A trustee of jointly adminis- tered estates must keep separate accounts of each estate’s prop- erty and distribution. (As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991; Mar. 27, 2003, eff. Dec. 1, 2003; Apr. 11, 2022, eff. Dec. 1, 2022; Apr. 2, 2024, eff. Dec. 1, 2024.)