The owner/operator must notify the DEQ within ___ days of the commencement of a voluntary or involuntary bankruptcy in which the owner/operator or a financial assurance provider as a debtor.

The owner/operator must notify the DEQ within ___ days of the commencement of a voluntary or involuntary bankruptcy in which the owner/operator or a financial assurance provider as a debtor.

• A. 5
• B. 10
• C. 15
• D. 30

Answer: (B)

When bankruptcy begins for the facility owner/operator or for the financial assurance provider, the regulator must be alerted quickly so funds and instruments meant to cover closure, post-closure care, and corrective action remain available and oversight stays intact. The required window is 10 days from the commencement of the bankruptcy, which means from the date the bankruptcy petition is filed in court, whether the filing is voluntary or involuntary. This short timeframe allows the agency to act promptly—coordinating with any bankruptcy trustee if one is appointed and determining whether alternative arrangements or replacement financial assurances are needed to meet ongoing obligations. A longer delay could risk gaps in funding and environmental protection, so 10 days is a practical, timely notice standard.

When bankruptcy begins for the facility owner/operator or for the financial assurance provider, the regulator must be alerted quickly so funds and instruments meant to cover closure, post-closure care, and corrective action remain available and oversight stays intact. The required window is 10 days from the commencement of the bankruptcy, which means from the date the bankruptcy petition is filed in court, whether the filing is voluntary or involuntary. This short timeframe allows the agency to act promptly—coordinating with any bankruptcy trustee if one is appointed and determining whether alternative arrangements or replacement financial assurances are needed to meet ongoing obligations. A longer delay could risk gaps in funding and environmental protection, so 10 days is a practical, timely notice standard.