April 5, 2018
A trustee is an important part of a bankruptcy. If you are ready to file, or considering Chapter 7 or Chapter 13 bankruptcy, save yourself time, money and worry and put your case in the hands of an experienced and caring bankruptcy lawyer. Below is a list of information about a trustee when it comes to filing for bankruptcy.
- Trustees are assigned in both Chapter 7 and Chapter 13 bankruptcy.
- Trustees have various obligations and powers that depend on the case they are assigned.
- Trustees oversee the bankruptcy estate and perform the duties required by law.
- Trustees are appointed or selected to oversee cases and types of bankruptcy.
- Trustees are in charge of rounding up and selling all of the debtor’s property in Chapter 7.
- Trustees may be required to challenge creditors’ claims in Chapter 7.
- Trustees distribute proceeds to creditors.
- Trustees review debtor’s proposed repayment plans in Chapter 13, and may make objections to the plan if needed.
- Trustees are in charge of receiving payments and distributing payments to creditors.
- Trustees are paid through a case-filing fee by the courts as of December 1, 2016.
George R. Belche, Attorney at Law has over 18 years of legal experience and his practice is focused solely on bankruptcy law. His experience with representing clients in the bankruptcy courts of Northern and Middle Districts of Georgia will be a great asset to you as you walk through the process of bankruptcy.
Contact George R. Belche to schedule your free initial consultation.
George R. Belche, Attorney at Law
Lawrenceville, GA 30046