What Does a Bankruptcy Trustee Do in Your Chapter 7 Case?
- By Chicagoland Bankruptcy
- •
- 27 Jun, 2014
A person filing for Chapter 7 bankruptcy may notice that their case is heavily influenced by a court-appointed trustee who oversees the whole process. These individuals work closely between debtors and creditors to keep the Chapter 7 process as impartial as possible. Because of their involvement in the bankruptcy process, bankruptcy trustees are extremely important... Read more »
A person filing for Chapter 7 bankruptcy may notice that their case is heavily influenced by a court-appointed trustee who oversees the whole process. These individuals work closely between debtors and creditors to keep the Chapter 7 process as impartial as possible. Because of their involvement in the bankruptcy process, bankruptcy trustees are extremely important individuals during a Chapter 7 case.
If you or someone you know is struggling to manage your debts, Chapter 7 bankruptcy may be the solution to your financial problems. To learn more about how this debt relief solution may be the answer you’re looking for, contact a Joliet bankruptcy lawyer at the Law Offices of Stuart B. Handelman, P.C., by calling 815-722-2201 today.
The Role of the Trustee
The Role of the Trustee
A bankruptcy trustee plays a crucial role in any Chapter 7 bankruptcy case. This is, in part, why it’s so important for a debtor to have the proper legal representation. An experienced attorney will be better prepared to present information and arguments to a trustee without wasting any of the trustee’s time or additional effort. This can speed up the process in many cases.
Trustees are responsible for the following in a Chapter 7 bankruptcy:
Checking bankruptcy documents and information before a case begins
Questioning the debtor about their finances
Beginning and overseeing the liquidation process
Objecting to unfair or illegal actions during bankruptcy
Questioning the debtor about their finances
Beginning and overseeing the liquidation process
Objecting to unfair or illegal actions during bankruptcy
Because the bankruptcy trustee oversees the liquidation process, they take care of pricing properties for sale and making sure that creditors are informed of the value of that property.
Contact Us
Contact Us
If you’re thinking about filing for bankruptcy but aren’t sure where to begin, one of our experienced legal advisors may be able to point you in the right direction. To discuss how Chapter 7 bankruptcy may be the right choice for your debt problems, contact a Joliet bankruptcy attorney of the Law Offices of Stuart B. Handelman, P.C., at 815-722-2201 today.
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