Series 79: Creditors’ Committees

in a Chapter 11 bankruptcy, a committee appointed by the U.S. Trustee. There will be at least one such committee, an unsecured creditors’ committee (UCC). Other committees representing other groups of creditors may be appointed by the U.S. Trustee if appropriate. A creditors’ committee investigates the debtor’s business and finances, participates in drafting the reorganization plan, and helps oversee Section 363 sales.