When you file for bankruptcy protection, either Chapter 7 or Chapter 13, your Kansas City bankruptcy lawyer will guide you along to a fresh start. Creditors also have someone protecting their interests – the bankruptcy trustee. The bankruptcy trustee is closely involved with every bankruptcy filing from start to finish, and he or she will scrutinize your petition and schedules. The bankruptcy trustee’s role will vary depending on whether you file for Chapter 7 or Chapter 13 protection. Chapter 7 and Chapter 13 Trustees The United States Trustee (UST) appoints the bankruptcy trustee, and while the UST is a government employee, the bankruptcy trustee is not. In fact, bankruptcy trustees are usually attorneys or accountants. As mentioned above, the bankruptcy trustee is not on your side. He or she looks out for your creditors’ interests throughout the bankruptcy process. In a Chapter 7, the trustee plays a more limited role…
Read More »