What Role Does the Bankruptcy Trustee Play?
When you
file for bankruptcy in Atlanta, you are assigned a trustee. This trustee is automatically
assigned to you based on where you live. Basically, the trustee controls the
process of the bankruptcy from start to finish. They look for assets to help
repay creditors and make decisions in your case. You should know your rights
and how this relationship works in regards to your bankruptcy plan. Watch the video now to learn more.
What Does a
Chapter 7 or chapter 13 Bankruptcy Trustee Do?
The
bankruptcy trustee is a private business person who may or may not be an
attorney. He or she is charged with upholding the Bankruptcy Code and
collecting as much money for the estate as possible. He or she works in the
interest of creditors. According to the federal guidelines, the bankruptcy
trustee gets a percentage of whatever is collected on behalf of creditors.
Therefore, some financial incentive for the trustee involves ensuring that you
are disclosing everything properly.
How Does the
Trustee Meeting Work?
The purpose
of this meeting is to verify the information in the bankruptcy petition, you
are expected to bring all of your documentation, this meeting is generally a
short one.
The trustee
meeting commonly raises questions, contact us for a free consultation.
For more
information about bankruptcy law and our firm, visit us at http://www.kingandkingattorneys.com,
where you can view our information about chapter 7, and chapter 13 bankruptcy.
If you have legal questions, call us at (404) 524-6400 for a free consultation.
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