If you file a Chapter 7 bankruptcy, a trustee will be randomly assigned to your case. You will meet the trustee when you go to court for the Meeting of Creditors (Section 341 Meeting) as the trustee presides over this meeting.
The trustee’s primary duties are to ask you questions under oath regarding your assets and debts, to take possession of an “non-exempt” assets you may own, to sell those non-exempt assets, and then to distribute the money received to the unsecured creditors who file claims in your bankruptcy case.
It is important that you fully cooperate with the Chapter 7 trustee. Failure to cooperate could result in your case being dismissed or your bankruptcy discharge being denied.
If you are struggling with debt problems and being harrassed by bill collectors and would like to know more about how bankruptcy may be able to help you, contact me today by phone or email to schedule a FREE initial consultation. I would count it a privilege to be able to visit with you in a relaxed and confidential environment where I’ll answer all of your questions in plain English and give you the straight scoop on the pros and cons of bankruptcy as related to your specific situation.
