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| Articles: (Updated Frquently) |
| What Does A Bankruptcy Trustee Do? |
| By: SSLowery |
Once you file bankruptcy, a court appointed bankruptcy trustee will oversee your case. The new law also requires that the bankruptcy petitioner to take a debtor education course and receive credit counseling from a U.S. Trustee approved non profit credit counseling agency.
United States Trustees supervise the administration of the following cases filed under the Federal Bankruptcy Code:
Liquidation proceedings under Chapter 7 bankruptcy- Those assets that are not exempt from creditors are collected and liquidated (reduced to money). The proceeds are distributed to creditors by a private trustee appointed to administer the debtor’s estate under Chapter 7.
“Wage-earner” reorganization proceedings under Chapter 13 bankruptcy, is used primarily by individual consumers to reorganize their financial affairs under a repayment plan that must be completed within three to five years. A “standing trustee” appointed by the United States Trustee typically serves as a trustee of the U.S. Bankruptcy Court where the case was filed.
Specific responsibilities of the United States Trustees include:
Appointing and supervising private trustees who administer Chapter 7, 12 and 13 bankruptcy estates (and serving as trustees in such cases where private trustees are unable or unwilling to serve).
Taking legal action to enforce the requirements of the Bankruptcy Code and to prevent fraud and abuse.
Referring matters for investigation and criminal prosecution when appropriate.
Ensuring that bankruptcy- estates are administered promptly and efficiently, and that professional fees are reasonable.
Appointing and convening creditors’ committees in Chapter 11 business reorganization cases.
Reviewing disclosure statements and applications for the retention of professionals.
Advocating matters relating to the Bankruptcy Code and rules of procedure in court.
About the Author
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| Keywords: bankruptcy info@bankruptcyhomecom, appointed bankruptcy trustee, trustee, bankruptcy a court, bankruptcy -, court appointed bankruptcy, bankruptcy, bankruptcy code, united states |
| Bankruptcy News: (Updated Frquently) |
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Bankruptcy, Debt & Credit
Bankruptcy, Debt & Credit. The following links are designed to help answer some of your questions about unpaid bills and bankruptcy court. ... Oregon Bankruptcy Courts. http://www.orb.uscourts.gov/ Homepage of the United States Bankruptcy court for Oregon. Includes news, contact information, rules, forms, and fee ...
District of Oregon
... United States Bankruptcy Court. District of Oregon ... post 10/17/05 updates, re: Implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (2005 ...
Oregon Bankruptcy Attorneys Oliveros & O'brien, P.C. Chapter 7, 11, and 13
Oregon Bankruptcy Attorneys Oliveros & O'Brien, P.C. A full service law firm specializing in Chapter 7, 11, and 13 bankruptcy in Oregon. ... Are you considering filing bankruptcy in Oregon for yourself or your business and want to research a ...
Oregon bankruptcy advice from Legal Helpers
Excellent Oregon bankruptcy protection at affordable rates from Legal Helpers. ... To file for an Oregon bankruptcy you need the experienced afforded by the nationally renowned bankruptcy ... of Legal Helpers. Our Oregon bankruptcy lawyers handle only Chapter 7 and ...
Bankruptcy Court Districts In Oregon
... UNITED STATES BANKRUPTCY COURTS. State Of Oregon ... Local. OREGON BANKRUPTCY. 800 610-9315 ...
Oregon Bankruptcy Judge
United States Courts for the Ninth Circuit. Media Release. United States Courts for the Ninth Circuit. November 26, 2001. Oregon Bankruptcy Judge. Albert E. Radcliffe Reappointed. SAN FRANCISCO — Chief Judge Mary M. ... Radcliffe to the United States Bankruptcy Court for the District of Oregon, effective Feb ...
Law Firms in Oregon - Bankruptcy
Law Firms in Oregon - Bankruptcy: Find Law Firms in Oregon by Location and Area of Practice ... Law Firms in Oregon - Bankruptcy. Add your Law Firm ... Northwest Territory Nova Scotia Ohio Oklahoma Ontario Oregon Pennsylvania Prince Edward Island Puerto Rico Quebec Rhode ...
ORB Documents (Main)
... ** Updated 10/11/05. * Oregon U.S. BANKRUPTCY Court Local Rules (LBR) ** Oregon U.S. BANKRUPTCY Court General Orders (G.O ...
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