Management and Disbursement of Estate's Funds

U.S. Bankruptcy Court for the Eastern District of Pennsylvania

Rule Set: Local Bankruptcy Rules of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania

Rule: 2010-1

Jurisdiction: EDPAB

Bluebook Citation: Bankr. E.D. Pa. L.R. Adm. R. 2010-1

(a) Trustees. In a chapter 7 case or a chapter 11 case in which a trustee has been appointed, the trustee is the only person who may have signatory or other authority to control or disburse funds or other property of the estate. (b) Attorneys. An attorney whose employment is approved under § 327 of the Code shall not establish or exercise any signatory or other authority to control or disburse funds or other property of the estate unless the attorney is also serving as the trustee or a court approved escrow agent.

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