Section 6.39 Creditors and Creditors’ Committees

• Library: Bankruptcy Practice (2007 Ed. + 2015 Cum Supp)

3. (§6.39) Creditors and Creditors’ Committees

Generally, creditors have no standing to bring actions in their own name under the trustee’s avoidance powers. Neb. State
Bank v. Jones, 846 F.2d 477, 478 (8^th Cir. 1988); In re Lauer,
97 B.R. 544, 546 (Bankr. E.D. Mo. 1989) (Barta, C.J.), reversed, in
part, on other grounds, In re Lauer, 98 F.3d 378 (8^th Cir. 1996). Courts will permit creditors’ committees to bring such actions in the name of the estate. In re Newcorn Enters. Ltd., 287 B.R. 744, 749–50 (Bankr. E.D...