Chapter 7 Bankruptcy Trustee
The individual who administers Chapter 7 bankruptcy cases is often referred to as a “Trustee”. The trustee may be considered to be the representative of the creditors in a bankruptcy case, and the job often requires overseeing liquidation, claims of exemption, and discharged debts.
Trustees are usually appointed by an officer of the Department of Justice, but the person is typically not an employee of the government. Trustees are usually lawyers or accountants, and often collect their payment from the filing fees paid to the court at the start of the case. If you are considering bankruptcy and would like more information about the filing process, contact the Boston bankruptcy lawyers of Joshua Spirn & Associates at 1-800-975-5346 today.
Duties of the Bankruptcy Trustee
During Chapter 7 bankruptcy proceedings, the trustee typically:
- Oversees the bankruptcy process
- Obtains as much money as possible for the creditors
- Administers the Section 341 meeting, or the first meeting of the creditors
- Collects and sells non-exempt property
- Collects and distributes money on a repayment plan
- Handles all documentation regarding the bankruptcy
Although the trustee can file objections to discharged debts and may raise questions throughout the process, he or she does not have control over the final judgment. Only the bankruptcy judge can ultimately determine which debts may be discharged and which ones must be repaid.
Contact Us
For assistance with your bankruptcy case, contact the experienced Boston bankruptcy lawyers of Joshua Spirn & Associates at 1-800-975-5346.
