The Colorado Bankruptcy Trustee’s Job Is To Make Sure Any Unprotected Assets Go To Your Creditors
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 (protected). 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.
In Colorado, Chapter 7 bankruptcy trustees are assigned on a rotating basis. Most of the trustees also practice bankruptcy law in private practice and have a great deal of experience.
You Can Learn More About The Colorado Bankruptcy Trustee At A Free Consultation
If you have questions about what to expect from the trustee, we hope you’ll come in for a free, no-obligation consultation with an experienced Colorado bankruptcy attorney today. You can schedule an appointment using our online scheduling system or by calling 303.331.3403.