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Honorable Laura S Taylor, Chief Judge of the United States Bankruptcy Court for the Southern District of California
In Judge Taylor's courtroom, she respects good papers that will support a tentative ruling. She admits that she can be talked out of a tentative, but it is rare. Judge Taylor likes facts, law and supporting evidence. She rejects labels such as “Creditor Judge” or “Debtor Judge” and states that there is a path to each of her decisions. She also said that, because she is from the South, manners are important in her courtroom.
on the subject of keeping a receiver in place under 11 U.S.C. § 543, after a bankruptcy is filed. She said that it will be fact specific in each instance. In a chapter 11 bankruptcy filing where a receiver has been in place and is doing a good job managing the affairs of the debtor, it may be preferable for the receiver to remain in place. She recommends that receivers in this situation obtain a thorough order from the bankruptcy judge that outlines the receiver's precise relationship with the Bankruptcy Court, the State Court and the United States Trustee. For example, how is the receiver going to be paid and when? Who is responsible to submit the Monthly Operating Reports? Is the receiver's expenditure authority limited? Can the receiver seek a comfort order from the bankruptcy judge? And so on.