Motion: Excuse Custodian's Compliance with Section 543 of the Bankruptcy Code (Turnover) and Authorize Custodian to Remain in Possession
9
2
3
About this template
This legal template likely refers to a motion filed in a bankruptcy case. The motion seeks permission for a custodian to be excused from complying with Section 543 of the Bankruptcy Code, specifically with regards to turnover requirements. Section 543 generally requires custodians to turn over certain assets or property to the bankruptcy estate. However, in this particular case, the movant is seeking to authorize the custodian to retain possession of the assets or property, rather than turning them over to the bankruptcy estate. The motion would likely provide reasons or justifications for the proposed exemption and ask the court to grant permission for the custodian to remain in possession.
This document is likely to be relevant to all sectors: Agriculture, Forestry and Fishing; Mining; Construction; Manufacturing; Transport; Energy; Wholesale; Retail; Finance; Insurance; Real Estate; Legal Services; Consumer, Public & Health Services; Education; Media; Consultancy; Technology; Public Administration; Sport & Entertainment; Other