What is a Chapter 13 Trustee? What is a Chapter 13 Meeting of Creditors? How long will a Chapter 13 bankruptcy stay on my credit report? What is Chapter 11 Bankruptcy? What are the advantages of filing for Chapter 11 instead of Chapter 7 bankruptcy?
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The duties of a Chapter 11 trustee include overseeing the daily operations of a business, similar to that of the chief executive officer (CEO). The difference in the duties of a Chapter 7 trustee from that of an operating fiduciary is discussed. Also discussed are the functions of examiners...
If a person files under Chapter 13 of the Bankruptcy Code, the bankruptcy trustee’s duties are nearly the same as her duties under Chapter 7, except she may also be in charge of the reorganization plans as well. In those cases, she may appear and speak in court about the reorganization...
What is the purpose of auditing? What is a comptroller? What should the auditor do if the auditor were to come across something that seems unethical or illegal during the audit work? What is a trustee? What is an ethics audit? What's a cashier's check?
An impartial trustee, usually a lawyer, is appointed to oversee your Chapter 13 bankruptcy process and collect a monthly payment, dispersing it to your creditors during the repayment period. “Chapter 13 helps you catch up on secured debts like mortgages and car payments,” said Derek Jacques,...
Chapter 13 Trustee The Chapter 13 trustee acts as the main point of contact for a debtor. The trustee will review the proposed payment plan and has the authority to challenge the plan in bankruptcy court if they believe that it is improper. If the Chapter 13 plan is confirmed by the bankr...
Chapter 13 Bankruptcy– This Chapter is only available to individuals with regular income. Under this Chapter, the debtor pays all disposable income monthly to a Trustee for either three or five years. All secured debts are paid. Payment of unsecured debts through the plan can range from zero ...
Chapter 7 is one of two types of bankruptcy most commonly filed by individuals (the other is Chapter 13). In a Chapter 7 bankruptcy, many of the debtor's assets will be liquidated (sold off) by a trustee and the proceeds will be used to pay their creditors. After that, most of the...
No matter which type of power of attorney you choose, it will no longer remain valid or legally binding when you—the person who created the power of attorney—dies. After that, the trustee of the trust,executor of the estate, or, as they are known in some states, personal representative...