In bankruptcy proceedings, the trustee serves as being the consultant with the creditors. In Chapter seven bankruptcy, they'll liquidate your non-exempt property to repay the creditors. In Chapter 13 bankruptcy, they manage the collection and distribution within your payments for the creditors.– Typical Legal offers specific overviews and step-b
We use technologies like cookies to retailer and/or entry machine details. We do that to further improve browsing experience and to show (non-) personalized adverts. We also share details about your use of our Web-site with our analytics and advertising and marketing companions.A qualified bankruptcy legal professional will let you avoid producing
The trustee could also undo protection passions and also other pre-filing transfers that weren't completed correctly. For example, transferring your home into a relative right before filing bankruptcy is often handled like a fraudulent conveyance and undone by a trustee.As a substitute, you might be able to negotiate with the creditors and workout