What kind of questions does the bankruptcy trustee ask people?
The responsibility of the bankruptcy trustee is to find out if there are any assets that the debtor may have, which are not protected by the bankruptcy exemptions. In other words, a debtor may have assets which they will not be allowed to keep through their bankruptcy. If there are assets, the trustee will negotiate to either have the debtor “buy back” the property from the bankruptcy estate or turn the property over for auction. Therefore, the trustee’s questions are often directed toward whether the debtor listed all assets in the bankruptcy petition, whether they listed all debts, whether they have preferentially paid certain creditors, especially friends or family over regular creditors, and whether they have transferred or “signed over” assets, to keep them away from creditors. Bankruptcy trustees will also ask questions about any strange transactions described in the petition or indicated in support paperwork such as bank statements or pay advices. Q: What do I need to bring to t
