Who is the Bankruptcy Trustee?
When we file your bankruptcy petition, a trustee will be assigned to your case. The trustee’s job is to make sure that your creditors are paid as much as possible. If you have no assets for him to sell, the trustee will not pay your creditors anything.
The only time you’ll meet the trustee is at the meeting of creditors. The trustee is mostly interested in what property you own and are claiming as exempt. The trustee will also look at your financial transactions for the previous year. Since the trustee is paid based on the percentage of funds she pays to your creditors, she is motivated to make sure she knows everything about your financial situation.
To learn more about whether or not Chapter 7 bankruptcy or Chapter 13 bankruptcy is your best option, schedule your free, confidential bankruptcy consultation with a Colorado bankruptcy attorney today. Our online scheduling system allows you to schedule bankruptcy consultation at a time that is convenient for you.
Colorado Bankruptcy Law Group, LLC is a personal bankruptcy firm serving clients in the greater Denver area.
