{"id":5506,"date":"2022-04-23T06:28:24","date_gmt":"2022-04-23T06:28:24","guid":{"rendered":"https:\/\/recoverylawgroup.com\/?p=5506"},"modified":"2025-08-25T13:12:00","modified_gmt":"2025-08-25T13:12:00","slug":"who-is-a-bankruptcy-trustee","status":"publish","type":"post","link":"https:\/\/recoverylawgroup.com\/staging_D\/who-is-a-bankruptcy-trustee\/","title":{"rendered":"Who Is A Bankruptcy Trustee?"},"content":{"rendered":"

Call: <\/strong>888-297-6203<\/strong><\/a><\/p>\n

Whether it be a chapter 7 bankruptcy<\/a> case or chapter 13 bankruptcy case, there will be a bankruptcy trustee appointed to your case, who will have various rules and obligations.\u00a0He or she will oversee your entire case and help the court make a judgment.<\/p>\n

The bankruptcy estate and the bankruptcy trustee<\/strong><\/p>\n

To understand what a bankruptcy trustee does, you will first have to know what bankruptcy estate is. It is created after a debtor files for bankruptcy and it consists of all the debtor\u2019s non-exempt properties. It has its separate role in the case.<\/p>\n

A bankruptcy trustee is a person who takes care of the bankruptcy estate and follows the law and oversees the whole case as a whole. He or she has some specific laws set in for a specific type of case but his\/her duties entirely depend on the situation that the specific debtor and his creditors are in.<\/p>\n

The duties of the bankruptcy trustee are somewhat similar in both chapter 7<\/a> and chapter 13 bankruptcy<\/a> but there are some differences. Here are some of the basic duties of both the chapters-<\/p>\n

Some of the primary duties of the bankruptcy trustee in a chapter 7 case are-<\/strong><\/p>\n

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  1. Assembling all the debtor’s properties in one place (bankruptcy estate).<\/li>\n
  2. Selling the bankruptcy estate.<\/li>\n
  3. Challenging creditors\u2019 claims where necessary.<\/li>\n
  4. Distribution of the funds collected among the creditors.<\/li>\n
  5. Objecting a bankruptcy discharge if some fraud or anything illegal is found.<\/li>\n<\/ol>\n

    Some of the primary duties of the bankruptcy trustee in chapter 13<\/a> case are different than of chapter 7<\/a> as here there is no liquidation of properties rather it is a repayment plan, so mainly the trustee’s work is to handle payments but some of the other duties are-<\/strong><\/p>\n

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    1. Review the plan proposed by the debtor and object to the plan proposed if necessary.<\/li>\n
    2. Collection of payments from the debtor according to the repayment plan and distributing it among the creditors.<\/li>\n<\/ol>\n

      The bankruptcy trustee plays a major role in a case, he\/she can object to anything in the case while reviewing the claims from the creditors as well as the debtor.<\/p>\n

      Are Bankruptcy Trustees Federal Employees?<\/strong><\/p>\n

      The bankruptcy trustee is someone who is appointed by the United States trustee who is an employee of the department of justice.<\/p>\n

      But, some private trustees oversee cases but are not government employees themselves.<\/p>\n

      If you want good legal counsel and if you live near Los Angeles & Dallas, TX, reach the Recovery law group<\/a> – (888-297-6203<\/a>).<\/p>\n\n

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