Fabio
00a184bb3c
Raw OLRC USLM XML zips @ release 119-100 (retrieved 2026-07-04 via Atlas depot), ingested with the standard pipeline: raw snapshot -> per-section OKF markdown -> manifest + checksums. Title 52 untouched. LegalText: 171 -> 11,221. Titles 12-54 await a clean OLRC retry. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
1.8 KiB
Markdown
42 lines
1.8 KiB
Markdown
---
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type: "LegalText"
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title: "11 U.S.C. § 721"
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description: "Authorization to operate business"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 11
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title_name: "BANKRUPTCY"
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chapter_number: "7"
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chapter_name: "LIQUIDATION"
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section: "721"
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citation: "11 U.S.C. § 721"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip"
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source_identifier: "/us/usc/t11/s721"
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source_file: "data/legal/raw/us/code/title-11/usc11.xml"
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source_hash: "5b8524432fa7d1f857b6c4fc854fcd61c2371b6f83d32d7c9e3846b21b12f26b"
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raw_snapshot_hash: "49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2"
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text_hash: "9ffcd5171e7c09f728ed49057b285e6d94150749218e10cd8f780be89867e252"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 11 U.S.C. § 721 - Authorization to operate business
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## Text
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The court may authorize the trustee to operate the business of the debtor for a limited period, if such operation is in the best interest of the estate and consistent with the orderly liquidation of the estate.
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(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2606.)
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## Notes
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Historical and Revision Notes
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senate report no. 95–989This section is derived from section 2a(5) of the Bankruptcy Act [section 11(a)(5) of former title 11]. It permits the court to authorize the operation of any business of the debtor for a limited period, if the operation is in the best interest of the estate and consistent with orderly liquidation of the estate. An example is the operation of a watch company to convert watch movements and cases into completed watches which will bring much higher prices than the component parts would have brought.
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