What is a bankruptcy trustee?

Answer The bankruptcy system has developed to assist people and companies with unmanageable debts. The laws have been designed to protect creditors as well as debtors, and provide a method by which people... Read More »

Top Q&A For: What is a bankruptcy trustee

Bankruptcy Trustee Definition?

A bankruptcy trustee is a person appointed by the bankruptcy court and charged with overseeing the bankruptcy process to ensure that it is conducted efficiently and according to the law. The United... Read More »

What is the salary of a bankruptcy trustee?

According to Simply Hired, Inc., the average bankruptcy trustee earns a salary of $57,000. Bankruptcy courts appoint trustees to cases and salaries can vary, depending on location. A trustee in Mem... Read More »

Questions of a Bankruptcy Trustee?

During the meeting of creditors, a court-appointed bankruptcy trustee will ask the bankruptcy petitioner questions to verify information or to provide the court with information that was omitted fr... Read More »

Who Does a Bankruptcy Trustee Represent?

The United States trustee is part of the Department of Justice. The program's purpose is to promote fairness, efficiency and integrity within federal bankruptcy courts. In bankruptcy cases, a trust... Read More »