What is a chapter 13 trustee?
A chapter 13 trustee is a person appointed by the United States trustee to collect payments from the debtor, make payments to creditors in the manner set forth in the debtor’s plan, and administer the debtor’s chapter case until it is closed. In some cases the chapter 13 trustee is required to perform certain other duties, and the debtor is always required to cooperate with the chapter 13 trustee.
A chapter 13 trustee is a person appointed by the United States trustee to collect payments from the debtor, make payments to creditors in the manner set forth in the debtor’s plan, and administer the debtor’s chapter 13 case until it is closed. In some cases the chapter 13 trustee is required to perform certain other duties, and the debtor is always required to cooperate with the chapter 13 trustee.
When you fie a Chapter 13 case, you are assigned a Chapter 13 Trustee, whose job it is to collect your payments in distribute the money to your creditors (and keep 3 to 10 percent commission for him or herself). Unlike a Chapter 7 Trustee, a Chapter 13 Trustee often plays an active role in your bankruptcy case, and may – in some cases – even provide financial advice, help you with your budget, help you to set up and modify your repayment plan, help you get back on track if you miss payments, and help you to valuate your assets. Nevertheless, a Chapter 13 Trustee will generally allow you to keep control of your financial situation so long as you continue to make your payments as scheduled.
March 28, 2008 « Previous Page A chapter 13 trustee is a person appointed by the United States trustee to collect payments from the debtor, make payments to creditors in the manner set forth in the debtor’s plan, and administer the debtor’s chapter case until it is closed. In some cases the chapter 13 trustee is required to perform certain other duties, and the debtor is always required to cooperate with the chapter 13 trustee.
