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2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 705 Creditors committee us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 705 11 U.S.C. § 705 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip /us/usc/t11/s705 data/legal/raw/us/code/title-11/usc11.xml a393a8f1980e3ab1cbe9a2dcd9cfe0b69d16dee876dfb989c30da9d03b5ef016 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 81a958fda55b3d21cd21590412cc4fc3b62da5e8cde0e0a0721d6b99318cdfed 2026-07-04 official
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11 U.S.C. § 705 - Creditors committee

Text

(a) At the meeting under section 341(a) of this title, creditors that may vote for a trustee under section 702(a) of this title may elect a committee of not fewer than three, and not more than eleven, creditors, each of whom holds an allowable unsecured claim of a kind entitled to distribution under section 726(a)(2) of this title.

(b) A committee elected under subsection (a) of this section may consult with the trustee or the United States trustee in connection with the administration of the estate, make recommendations to the trustee or the United States trustee respecting the performance of the trustees duties, and submit to the court or the United States trustee any question affecting the administration of the estate.

(Pub. L. 95598, Nov. 6, 1978, 92 Stat. 2605; Pub. L. 99554, title II, § 218, Oct. 27, 1986, 100 Stat. 3100.)

Notes

Historical and Revision Notes

legislative statementsSection 705(a) of the House amendment adopts a provision contained in the Senate amendment that limits a committee of creditors to not more than 11; the House bill contained no maximum limitation.

senate report no. 95989This section is derived from section 44b of the Bankruptcy Act [section 72(b) of former title 11] without substantial change. It permits election by general unsecured creditors of a committee of not fewer than 3 members and not more than 11 members to consult with the trustee in connection with the administration of the estate, to make recommendations to the trustee respecting the performance of his duties, and to submit to the court any question affecting the administration of the estate. There is no provision for compensation or reimbursement of its counsel.

Editorial Notes

Amendments1986—Subsec. (b). Pub. L. 99554 inserted “or the United States trustee” in three places.

Statutory Notes and Related Subsidiaries

Effective Date of 1986 AmendmentEffective date and applicability of amendment by Pub. L. 99554 dependent upon the judicial district involved, see section 302(d), (e) of Pub. L. 99554, set out as a note under section 581 of Title 28, Judiciary and Judicial Procedure.