Tag Archives: trustee
What is a Trustee’s Role in a Bankruptcy Case?
There are two types of trustees, the trustee who immediately oversees a particular bankruptcy case, and the U.S. Trustee. Trustees A trustee is a private individual or corporation assigned by the bankruptcy court system to oversee a particular bankruptcy case. The trustee’s role in overseeing a bankruptcy involves various functions such as: Liquidating estate assets […]
How Does the Process Work When Claiming a Bankruptcy Exemption?
An exemption is a piece of property that you can hold back during a bankruptcy. Exemptions range from cars to work tools and states have their own list of possible exemptions. When filing bankruptcy, your bankruptcy lawyer ensures that your Schedule C lists all the bankruptcy exemptions that you want to claim. Exemptions not listed […]
