Bankruptcy Law: Who Is the Trustee?
Are you considering filing for Chapter 7 or Chapter 13 bankruptcy but are not sure how your case will move through the court? As you will learn in this video, after you hire a bankruptcy attorney and your estate is created, the Justice Department will appoint a trustee to manage your estate.
First, the trustee determines the total value of the estate. About 20 days after your filing is complete, the trustee holds a meeting between the debtors and creditors to learn which debts can be thrown out. Finally, the trustee will liquidate property so that your creditors can collect the money they are owed.
Our legal team has helped thousands of clients successfully discharge their debts through bankruptcy.
Can you discharge student loans in bankruptcy?
We’ve got great news for you! Student-loan holders now have a new path to freeing their debt…
For a bankruptcy petition to proceed, filers must meet two educational requirements. The first is an approved credit counseling course, which…