24 Hour Toll Free Help



(See Bankruptcy Trustee) Individual trustees (who are appointed by the United States Trustee) are assigned to Chapter 7 Bankruptcies and assist with the liquidating of the debtor's non-exempt assets. The trustee is considered a representative of the creditor's interests, and after the assets are converted to cash, the trustee manages the distribution of the monies to repay creditors. Creditors are paid according to the order outlined in the United States Bankruptcy Code. Chapter 7 trustees generally serve a one year appointment period. Trustees for Chapter 11 and Chapter 13 Bankruptcies are also a non-government employee (exceptions exist for some Chapter 11 bankruptcies) and function in a similar capacity as Chapter 7 trustees. They are also under the supervision of the United States Trustee.

The Chapter 11 and Chapter 13 Bankruptcy trustee will organize the creditors' meeting, review the bankruptcy schedules and manage the reorganization process to ensure all creditors are paid according to the conditions outlined in the debtor's Chapter 11 or Chapter 13 Bankruptcy reorganization plan. The trustee is also responsible for attending all bankruptcy hearings for property valuation. Additionally, the Chapter 11 Bankruptcy trustee must also organize a committee that is responsible for identifying any types of behavior that is fraudulent or illegal.

More Help on Trustee

  • Bankruptcy Trustee - A bankruptcy trustee is not an employee of the United States (U.S.) federal government but is appointed by the U.S. Trustee, who is an employee of the Department of Justice. - read more

Find Other Articles

  • Tagged with the keyword:
  • Tagged with the keyword:

Chapter 7 and Chapter 13 Bankruptcy Help

The two most common consumer bankruptcies are Chapter 7 and Chapter 13, our sponsoring lawyers handle these types exclusively so you can be sure you are getting accurate legal advice when you file bankruptcy. Our Bankruptcy attorneys will fight to protect your rights and your property, fight the aggressive and annoying creditors for you, and they can help you keep your home, vehicles and other property.

A lawyer will be committed to getting you debt relief and providing you with valuable information, services and advice to get you a better financial future. There are many convenient locations to make filing bankruptcy or learning about the alternatives we offer, even easier.

Get Help Now

Recent Bankruptcy Articles

  • Home Equity and Bankruptcy
    If you have equity on your house, then it is possible to use that equity in order to pay off your Chapter 13 bankruptcy at a much faster pace.
    - read more

  • Fair Credit Reporting Act
    The primary purpose of the Fair Credit Reporting Act is to ensure fairness and accuracy of credit reporting, and that the procedures followed are reasonable.
    - read more

  • Most Common Reasons for Bankruptcy
    A list of ten most common reasons people usually file for bankruptcy, including harassment from creditors and to end wage garnishments.
    - read more

  • Student Loans and Bankruptcy
    According to new changes, your student loan will only be discharged if the bankruptcy court is convinced that paying back the loan would bring about undue hardships for you or the people who are dependent on you.
    - read more