What Does Your Bankruptcy Trustee Do in Chapter 13 Bankruptcy?
When a person files for Chapter 13 bankruptcy, they need to work through the process with a bankruptcy trustee overseeing their case. These individuals wield far-ranging legal powers to organize and facilitate the bankruptcy process, keeping a fair balance between debtor discharges and creditor repayment. They can play a particularly important role in Chapter 13 bankruptcy, as the repayment plan process requires close communication between debtors and creditors.
If you are facing bankruptcy and are planning to file for Chapter 13 protection, we can help. For additional information about your legal options, contact the Joliet Chapter 13 bankruptcy lawyers of the Law Offices of Stuart B. Handelman, P.C., at 815-722-2201 today.
Chapter 13 Bankruptcy Trustees
Trustees in Chapter 13 bankruptcy work with a debtor and their creditors throughout the bankruptcy process. When a person first files, a trustee will begin the process of verifying their financial claims and can begin a bankruptcy case at that point. When a debtor is preparing for debt discharges, a trustee again must review the process and complete the case.
Chapter 13 bankruptcy trustees are responsible for a wide range of tasks during bankruptcy, which can include the following:
- Reviewing all bankruptcy petition documents
- Analyzing and reviewing a payment plan
- Bringing together a debtor’s creditors for questioning about the debts
- Facilitating and administrating the repayment plan
- Citing objections throughout the bankruptcy process
A trustee is ultimately responsible for accepting payments from a debtor and giving that money to the creditors according to the repayment plan.
A knowledgeable legal advisor can help a person better navigate the sometimes complex and difficult Chapter 13 process more easily. If you are thinking about considering bankruptcy, you may wish to consider consulting with a reliable legal representative. Contact the Joliet Chapter 13 bankruptcy attorneys of the Law Offices of Stuart B. Handelman, P.C., by calling 815-722-2201.