Posted on Saturday (August 22, 2009) at 10:15 am to Bankruptcy Procedure
Chapter 11 Bankruptcy
Written by Craig D. Robins, Esq.
The United States Trustee Manual has some unusual and interesting provisions buried in its many pages. One concerns bringing your own security guards to the meeting of creditors in Chapter 11 bankruptcy cases. This is somewhat unusual considering that bankruptcy proceedings tend to be non-controversial and non-violent.
Section 3-5.14 of the Manual concerns security at section 341 meetings. It provides that if the debtor believes that there may be security problems at a particular meeting, it should notify the United States Marshal’s Service in advance.
In addition, the provision further states that the debtor may hire security guards to be present at the meeting to deter potential security problems.
I can’t imagine a situation where this would be necessary, but if a Chapter 11 debtor has plenty of enemies, this provision can provide some additional protection.