What is the bankruptcy trustee?
While it is the United States bankruptcy judge who has the power to adjudicate all matters before the bankruptcy court, such as whether a debtor is entitled to a discharge, much of the bankruptcy process is administrative. In Chapter 7 and Chapter 13 personal bankruptcy cases, a trustee is appointed to oversee the bankruptcy process. The trustee is vested with authority to administer the bankruptcy estate, liquidate property to satisfy the claims of creditors as well as the authority to review a debtor’s bankruptcy petition for evidence of fraud and compliance with the law.
Related Questions
- Are payments received from Pathfinder subject to recovery in the event the Bankruptcy Court trustee seeks to recover monies previously paid to Gramercy Court lenders?
- How does a person buy back their own assets from the bankruptcy trustee?
- What kind of questions does the bankruptcy trustee ask people?
