What Does a Bankruptcy Trustee Do?
Relieving Your Stress About Bankruptcy Proceedings
If you choose to file bankruptcy, the court will appoint an impartial person to serve as bankruptcy trustee and oversee the process. The trustee’s main job is to make sure that your bankruptcy filing has been prepared correctly and that the proper procedures are followed.
At the Atlanta metro area law firm of Gingold & Gingold LLC, we have a great deal of insight into the role of the bankruptcy trustee, because one of our partners, Ira D. Gingold, has been both a bankruptcy attorney since 1971 and Court-appointed Bankruptcy Trustee from 1971-2013.
Understanding the Role of the Court-Appointed Trustee
Since the bankruptcy trustee’s main job is to make sure all paperwork is filed properly, the best way to avoid any trouble with the trustee is to hire an experienced attorney who will make sure that you take all the right steps and that your filing is complete and accurate.
- If you file Chapter 7 bankruptcy , the trustee holds a single meeting to confirm that your bankruptcy petition discloses all of your debts and assets. Your attorney will appear with you at this meeting.
- If you file Chapter 13 bankruptcy , the trustee will make sure your repayment plan meets the legal requirements and then collect and distribute your monthly payments to your creditors. Your attorney will appear with you at this meeting.
Most people who file bankruptcy meet the trustee only once, and the meeting is usually over within minutes. Your lawyer will be there to guide and advise you.
Experienced Bankruptcy Lawyers · Alpharetta, Marietta, Sandy Springs
Supplementing Mr. Gingold’s experience as a bankruptcy lawyer and trustee, attorney Jamie L. Gingold has been practicing bankruptcy, business and real estate law in Georgia since 2001. Our firm has the experience to guide you through the bankruptcy process from start to finish.