3 Important Ways a Bankruptcy Trustee Affects Your Chapter 7 Bankruptcy
Bankruptcy trustees are court-appointed officials who oversee the major processes that go on during a bankruptcy. These individuals help to work between creditors and debtors to keep a bankruptcy case on track and progressing through the necessary steps. Furthermore, these individuals may also be able to bring up problems between both creditors and debtors and come to a resolution that will be satisfactory to both sides.
If you’re looking for a solution to your overwhelming debt problems, bankruptcy may be right for you. For more information about your options when searching for a path to a brighter financial future, contact the Birmingham bankruptcy lawyers of GREENWAY BANKRUPTCY LAW, LLC, today at (205) 324-4000.
How a Bankruptcy Trustee Oversees Chapter 7 Cases
Bankruptcy trustees provide a variety of important services during a bankruptcy case. These can include some of the following:
- Reviewing initial bankruptcy claims and information
- Bringing forward objections from creditors or debtors during the bankruptcy
- Evaluating liquidation property and providing creditors with that value
These three major roles can drastically impact a bankruptcy. This is why it’s so important for a debtor to be prepared for a trustee’s demands, as they don’t want to waste a trustee’s time or force them to go through unnecessary effort during the case.
If you’re considering pursing bankruptcy, you may want to speak to an experienced legal advisor to help you get started with this often complex process. For a free consultation with our attorneys, contact the Birmingham bankruptcy attorneys of GREENWAY BANKRUPTCY LAW, LLC, today by calling (205) 324-4000.