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Chapter 23 LOW-INCOME CREDIT UNIONS TABLE OF CONTENTS LOW-INCOME CREDIT UNIONS ................................................................................ Examination Objectives .....................................................................................
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Chapter 23 - Examiners refers to a section of the United States Bankruptcy Code which deals with the appointment of a trustee, known as an examiner, to investigate the financial affairs of a bankrupt company.
Chapter 23 - Examiners can be requested by any party in interest in a bankruptcy case, including the debtor, creditors, or the United States Trustee.
To request the appointment of a chapter 23 - examiner, a motion must be filed with the bankruptcy court providing detailed information about the potential benefits and necessity of such an appointment.
The purpose of chapter 23 - examiners is to provide an impartial investigation into the financial affairs of a bankrupt company and to identify any misconduct, fraud, or mismanagement that may have contributed to its financial distress.
The report prepared by the chapter 23 - examiner must include findings of fact, conclusions of law, and any recommendations for action that the examiner believes necessary or appropriate.
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