Rule 2010 Federal Rules of Bankruptcy Procedure

Rule 2010 of the Federal Rules of Bankruptcy Procedure is about Blanket Bond; Proceedings on the Bond. It is under Part II (Officers and Administration; Notices; Meetings; Examinations; Elections; Attorneys and Accountants) of the Rules.

(a) Authorizing a Blanket Bond. The United States trustee may authorize a blanket bond in the United States’ favor—conditioned on the faithful performance of a trustee’s official duties—to cover:

(1) a person who qualifies as trustee in multiple cases; or

(2) multiple trustees who qualify in a different case.

(b) Proceedings on the Bond. A party in interest may bring a proceeding in the United States’ name on a trustee’s bond for the use of the entity injured by the trustee’s breach of the condition.