Bankruptcy Trustee Role – Lawyers
The process of going through a bankruptcy is a personal one that can have many different benefits. You can get onto a fresh financial path and be free of the debts that would have otherwise caused financial strains. At our law firm, we can help you through every step of the bankruptcy process.
Minnillo Law Group Co., LPA, is here to make certain that your best interests are protected and that you have the information you need to make a smart decision about your situation. We have years of experience representing people in consumer bankruptcy matters. Our team has worked on many unique cases and fully understands the challenges our clients are facing. We are ready to meet your needs and provide the representation that you deserve.
What Is The Role Of The Bankruptcy Trustee? Our Attorneys Can Help Explain.
The role of the trustee for Chapter 7 and Chapter 13 bankruptcy is slightly different. However, in both situations, a trustee will be assigned to your case toward the beginning of the process and have the responsibility of keeping your case moving forward.
In a Chapter 7 bankruptcy, the role of the trustee will be to sell off assets that are nonexempt and administer the bankruptcy estate. Not all Chapter 7 bankruptcies include selling off assets. In fact, most of them do not. In a Chapter 13 bankruptcy, the trustee is responsible for collecting monthly payments and distributing them to creditors. This is the only person who can collect payments under the repayment plan.
Contact An Ohio Bankruptcy Estate Attorney
Please contact our bankruptcy lawyers to schedule a free initial consultation. Call our Cincinnati office at 513-723-1600. Consultations can be scheduled at any of our three offices, and evening and weekend appointments are available by request.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.