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What a Chapter 7 trustee should know about operational records
A Chapter 7 trustee collects and realises estate property. Operational records can be part of it. A short guide to spotting, preserving and assessing them.
In Chapter 7, the trustee's job is to collect and reduce to money the property of the estate (11 U.S.C. §704). Equipment, receivables and intellectual property are familiar. Operational records are less so, but they can be a possible extra asset for creditors.
Spot them early
The biggest risk is time. Cloud tools stop working when invoices go unpaid, and exports disappear with them. Early in the case, list the systems the company used: ticketing, project tools, shared drives, CRM and Slack or Teams.
Preserve before you assess
- Secure admin access and export each system while you still can.
- Store exports away from former employees' accounts.
- Note what personal data each system holds.
Assess quickly
micro1 lists companies that are no longer operating, with 30+ peak employees and English records company.micro1.ai/get-started · 15 Nov 2026. If the company fits, a short application costs nothing from us. If it does not, the trustee may decide the records are not worth administering, with the usual options under the Code.
Sales need notice and court approval under §363, and personal data raises extra questions. Read our note on 363 sales and customer data.
