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After making the decision to file for Chapter 7 or Chapter 13 bankruptcy, the bankruptcy court will appoint a trustee. This trustee’s job is to oversee your bankruptcy filing and has certain responsibilities toward both you and your creditors. It is important to know what to expect from the trustee during the bankruptcy process and to have an attorney who can help you through the process as easily as possible.
At Rothschild & Ausbrooks, PLLC, we understand that our clients often have questions regarding aspects of bankruptcy, including the role of the trustee. Our lawyers are happy to answer those questions and assist clients in a manner that is as straightforward and efficient as possible.
Experienced Goodlettsville Chapter 7 and Chapter 13 Bankruptcy Lawyers
The role of the bankruptcy trustee is different for Chapter 7 and Chapter 13 bankruptcy.
In a Chapter 7 bankruptcy, it is the trustee’s responsibility to determine the eligibility of the debtor and to confirm that all of the documents filed with the court are accurate and complete. It is also the trustee’s responsibility to investigate your finances and discover any funds that could be used to pay creditors. This includes the potential sale of assets to pay off debts.
In a Chapter 13 bankruptcy, the trustee will oversee the development of a repayment plan and make sure that it is reasonable. That trustee will also coordinate and document the payments from you to your creditors.
Contact Our Tennessee Bankruptcy Attorneys
For more information regarding the role of the bankruptcy trustee, contact Goodlettsville attorney at Rothschild & Ausbrooks, PLLC, today to learn how we can help you overcome debt.