Does a chapter 13 trustee get all of the tax refund?

Answer The Chapter 13 Trustee will take 1/2 of your tax refund if your plan is set up this way. Some trustees will forgo the collection of 1/2 of the tax refund if your debt is small and will be paid in l... Read More »

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Chapter 7 Trustee Duties?

A Chapter 7 bankruptcy case eliminates most of the debt of a debtor. During the bankruptcy process, the court appoints a trustee, who is the person through whom the court exercises its control. The... Read More »

What does it mean when a chapter 7 trustee closes the file?

When a trustee closes a file in a chapter 7 bankruptcy, she is officially ending the bankruptcy process because there is no more action to take place in the bankruptcy. It indicates that the bankru... Read More »

What are the causes for removal of a Chapter 7 bankruptcy trustee?

The bankruptcy court official charged with overseeing a Chapter 7 bankruptcy on a day-to-day basis is known as the trustee. There are rare situations in which a Chapter 7 trustee is removed from a ... Read More »

What Happens at the Trustee 341 Meeting in Chapter 7 Bankruptcy?

Every debtor that files for bankruptcy, both Chapter 7 and Chapter 13, must attend a 341 meeting, also referred to as a meeting of creditors. The debtor must be present at a 341 meeting prior to th... Read More »