What role does the U.S. Trustee play in a chapter 11 case?
Shortly after filing, you will receive a letter from the office of the U.S. Trustee setting two dates: one for the “Initial Debtor Interview” (“IDI”), the other for the “First Meeting of Creditors” (“341 Meeting”). The IDI is an informal meeting with an employee of the trustee’s office to find out if you have satisfied the requirements for a debtor in possession set forth in the trustee’s initial letter. Such requirements include: filing schedules, establishing a debtor-in-possession bank account (“DIP account”), acknowledging receipt of information about trustee’s fees and monthly operating reports, and the like. The 341 Meeting is a more formal examination by an attorney with the office of the U.S. Trustee, in the presence of any creditors who wish to attend the examination. The representative of the debtor will be accompanied by the debtor’s attorney for both the IDI and the 341 Meeting. The U.S. Trustee will then oversee the case to make sure that the debtor in possession fulfills
