Issue link: https://mbozikis.ufcontent.com/i/1422521
204 § 742; 15 U.S.C. § 78eee(b)(2)(B)(i). Once the Federal district court enters a protective decree in the SIPA liquidation and appoints a SIPA trustee, the SIPA liquidation is moved from the district court to the bankruptcy court. 15 U.S.C. § 78eee(b)(4). 2. Commodity Brokers Chapter 7 of the Bankruptcy Code also provides some special provisions for the liquidation of a commodity broker (11 U.S.C. §§ 761–767), but these liquidations are largely governed by the Commodity Exchange Act and certain regulations enacted by the Commodity Futures Trading Commission. Generally, these provisions require the trustee to promptly transfer or liquidate open commodity contracts, and establish a customer priority in customer property that is broadly analogous to the stockbroker provisions. 3. Clearing Banks Finally, certain "clearing banks" are authorized to liquidate under Chapter 7 in specified circumstances. 11 U.S.C. §§ 781– 784. G. Conclusion of the Case 1. Generally Typically, a Chapter 7 case concludes when all of the debtor's assets have been liquidated and the proceeds thereof have been distributed to creditors. Unlike in Chapter 11, no plan is promulgated in a Chapter 7 case. Similar to a Chapter 11 case, however, upon conclusion of a Chapter 7 case, a final decree must be entered and the case must be closed in accordance with Section 350 of the Bankruptcy Code and Bankruptcy Rule 3022, as discussed above in Chapter VI.I. 2. Conversion and Dismissal Similar to a Chapter 11 case, a Chapter 7 case can be converted to a case under another Chapter of the Bankruptcy Code, although the debtor must be eligible for relief under the particular

