The Role of the Trustee
Because Chapter 7 and Chapter 13 are different, the role of the trustee is different for each. During Chapter 7 bankruptcy, the trustee will first determine eligibility and confirm that all documents filed with the court are accurate and complete. It is also the trustee's job to investigate your financial affairs and uncover any funds that can be used to pay creditors. If you have any nonexempt assets, your Chapter 7 trustee will manage the sale of those assets to pay off some of your debt.
In Chapter 13 bankruptcy, the trustee will oversee the creation of your repayment plan, ensuring it is reasonable. The Chapter 13 trustee will also coordinate and document all payments to your creditors.
Typically, you will only meet with your trustee once at the meeting of creditors. Following this meeting, your lawyer at The Law Offices of Aramis Hernandez will communicate with the trustee throughout the rest of the bankruptcy process.
Bankruptcy is designed to protect people who are struggling under overwhelming debt. At The Law Offices of Aramis Hernandez, our bankruptcy lawyers can guide you through the bankruptcy qualifications and help you determine the best option to meet your financial needs. Call 305-374-7744 or contact us online to arrange a free consultation.