BANKRUPTCY TRUSTEES. WHO ARE THEY AND WHY SHOULD YOU CARE?
When you file for your Chapter 7 or Chapter 13 Bankruptcy every thing in your life that you own will be under the control of this person. Is that a good enough reason? You cannot even give anything to you mother without the potential that the trustee will undo the deal and dismiss your case throwing you back into the harassment of your creditors.
The job of the Bankruptcy trustee is:
1. In bankruptcy you get to keep property that for very specific reason you can keep. This property is called exempt. The job of the Bankruptcy Trustee in Chapter 7 is to seize you nonexempt property and sell it keeping part of the proceeds for the trustee and giving the rest to the people your had promised to pay (creditors).
2. Filing for bankruptcy creates a strict liability for the paperwork you file. The Bankruptcy trustee’s job is to make sure this paperwork is done right. That its accurate and complete.
3.The trustees calls a meeting to ask you questions looking for lies and error on your part. At this meeting all the people you had promised to pay are invited to ask you questions. Do you really want to go to this meeting alone?
4.The trustee then administers your case for the court.
Call me if You have questions 810-235-1970
TOPIC BANKRUPTCY:EASTERN DISTRICT OF MICHIGAN BANKRUPTCY COURT. BANKRUPTCY FLINT ,ATTORNEY POSTING BY Flint Bankruptcy Lawyer Terry R. Bankert 810-235-1970.[Comments of Flint Bankruptcy lawyer Terry R. Bankert ,810-235-1970 ,in bracket or CAP headlines. If you have bankruptcy questions call today-810-235-1970 this article presented in a SEO format see: http://nojokebeingbroke.com