What Does a Bankruptcy Trustee Mean for My Case? The Trustee and Me
If you file for Chapter 7 bankruptcy, the court will appoint what’s called a “bankruptcy trustee” to oversee your case. While the trustee plays an important role in the bankruptcy process, their goals will not always align with your own. Here’s what you need to know about your bankruptcy trustee’s job. One of the first things you will do when filing for bankruptcy is complete a petition and fill out a series of bankruptcy paperwork. It is the responsibility of the bankruptcy trustee to review this paperwork and make sure it’s all in order. They’ll verify your information is correct so that the court, as well as your creditors, can move forward. Review Bankruptcy Petition
creditors. This meeting will take place in front of the bankruptcy trustee. The trustee conducts the hearing, but while you are under oath, both the creditors and the trustee can ask questions about your assets and the bankruptcy paperwork you previously filed.
Sell Assets
The biggest job of a Chapter 7 bankruptcy trustee is selling the debtor’s unprotected assets and distributing the profits to creditors. There are certain items that are exempt, like clothing or a qualifying retirement account, but anything declared “nonexempt” by the trustee can and will be sold to help pay off your debt. If the trustee and the debtor disagree about whether or not a certain item is exempt, it falls on a judge to make that call. It’s important to remember that bankruptcy trustees receive a small fee for examining your paperwork, and they are paid a percentage of
assets sold. It is not unusual for a trustee to be more critical of a debtor in hopes of making more money during a bankruptcy case. For this reason, it is vital you have someone in your corner who can make sure the trustee is treating you fairly. This is exactly what your bankruptcy attorney can do. Give Matthew Dunaway a call at 205-705-3590 to learn your rights in bankruptcy and make sure they are protected.
Examine the Debtor
Around a month after you file for bankruptcy, you will be scheduled to attend a 341 meeting of
Oatmeal Cookie Ice Cream Sandwiches Recipe of the Month
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Ingredients • 1 1/2 sticks unsalted butter • 1 1/2 ounces store-bought waffle cones, lightly crushed • 1 1/2 cups oats • 2 tablespoons all-purpose flour
• 1 teaspoon kosher salt • 3/4 cup light brown sugar, packed • 1 large egg yolk • 2 teaspoons vanilla extract • 4 pints ice cream (any flavor)
Proverbs 31:8-9 Open your mouth for the mute, for the rights of all who are destitute. Open your mouth, judge righteously, defend the rights of the poor and needy.
Instructions 1. Heat oven to 350 F. While oven is
4. Add egg mixture to food processor while spinning on low. Once integrated, slowly add browned butter; blend until dough forms a solid mass around blades. 5. Form dough into 26 balls and place 2 inches apart on a parchment-lined baking sheet. Flatten balls and bake 12–15 minutes or until edges begin to brown. 6. Let cool, then spread ice cream between cookies to make sandwiches. 7. Freeze for up to 5 days — or enjoy today!
heating, cook butter in saucepan over medium heat until browned, 5–8 minutes. Scrape browned butter into a heatproof measuring glass. 2. Pulse waffle cones, oats, flour, and salt in a food processor or blender. Once cones are finely ground, add brown sugar and pulse again. 3. Whisk egg yolk, vanilla, and 2 tablespoons water in a small bowl.
Call today – 205-705-3590 3.
[Inspired by Bon Appetit]
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