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

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 »

What Questions Are Asked by a Bankruptcy Trustee?

If you plan to file for bankruptcy, you can expect your debts, income and assets to fall under scrutiny by the bankruptcy court. The court requires all debtors to attend a meeting of creditors. Dur... 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 »

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 »