Chapter 7 Bankruptcy: What Does The Trustee Do?

During chapter 7 bankruptcy, the majority of your assets will be sold in order to pay off your creditors. This allows you to be completely free from all of your current debt. In order to file for this type of bankruptcy, you need to select a bankruptcy trustee. This person will oversee the entire filing process and has a lot of responsibilities within your bankruptcy case. Here is more information about the responsibilities and duties of the trustee. [Read More]