Who is the Chapter 13 Trustee?
A Chapter 13 Trustee is a person appointed by the United States Trustees office to collect payments from the debtor, make payments to creditors as set out in the debtor’s Plan, and administer the debtor’s Chapter 13 case until it is concluded. The debtor must always cooperate fully and promptly with the Chapter 13 Trustee.
The Chapter 13 Trustee is the person who administers your Chapter 13 Plan. The Chapter 13 Trustee has several responsibilities. The Trustee will review your bankruptcy schedules for completeness and accuracy, as well as your proposed Plan to make sure it complies with the bankruptcy laws; examine you at the Meeting of Creditors ; make sure your case is in order so he can recommend to the Bankruptcy Court that your Chapter 13 Plan be approved; collect your Plan payments; and make distributions to your creditors according to the terms of your Plan as approved by the Bankruptcy Court. During the three to five year term of your bankruptcy, the Trustee will provide you with periodic reports of your Plan payments to the Trustee, the distributions the Trustee has made to your creditors, and the amount of funds, if any, in the possession of the Trustee. The Trustee is also responsible for making sure that you comply with your Plan after the Court approves it. If you fall behind on your payment
Related Questions
- If I file for Chapter 13 will I have any money left over each month after I make my payment to the trustee? What about money for emergencies such as unexpected medical expenses or car repairs?
- How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?
- What is a Chapter 13 Trustee and what role do they play in the process?
