What Is the Role of the Bankruptcy Trustee in Chapter 13?

When you file Chapter 13 bankruptcy, this allows you to reorganize your debt and repay your creditors over a three to five year plan. An appointed bankruptcy trustee will oversee the administration of the repayment plan. Below, Reed Allmand discusses the bankruptcy trustee’s duties, as well as what to expect when filing Chapter 13. What Are the Bankruptcy Trustee’s Duties? The Chapter 13 bankruptcy trustee will perform various duties related to your Chapter 13 filing, including the following: Reviewing your bankruptcy paperwork Examining your proposed plan for bankruptcy compliant laws Collecting your plan’s payments and distributing funds to creditors Carrying out the full terms of the Chapter 13 plan 1. Reviewing Your Bankruptcy Repayment Plan Your repayment plan outlines exactly how you intend to repay your creditors some of or all of your debit. A task of the bankruptcy trustee is to make sure that the Chapter 13 repayment plan is fair to…

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