Do you feel confident enough to review your own financial documents and represent yourself in court during your bankruptcy claim? If so, then you’re in the minority! Most of us would prefer to have a professional we trust handle these matters. In legal terms, this person or entity is called a trustee.
So, what exactly does a trustee do during a bankruptcy claim? Should you hire a legal representative to handle these matters for you? Learn everything you need to know about trustees during bankruptcy below.
Trustees: What You Need to KnowAs the name implies, a trustee is someone you entrust to handle your bankruptcy case. The trustee assigned to your case will have a major impact on your case, and they can even be the difference between having your claim approved or getting denied. Overall, your trustee should be able to help you completely fill out all the necessary paperwork and make the right decisions as you move forward in your bankruptcy claim.
Here are a few of the duties of a trustee during a bankruptcy claim:
· They’ll review all the financial information you provide
· They’ll verify the accuracy of your financial documents
· They give specific recommendations to the court about your case
· They’ll collect your property
· A trustee will convert your assets to cash
· The trustee is responsible for distributing the proceeds to your creditors
You’ll want to keep these responsibilities in mind when you communicate with the trustee assigned to your bankruptcy claim. It’s important to answer their questions honestly and build a positive relationship with your trustee. Otherwise, your case could experience some major hurdles and delays.
How Our Firm Will Help You
If you get assigned a trustee that’s slow on the draw, then your bankruptcy claim can drag on way longer than it should. Conversely, a good trustee will help move the process along as fast as possible. After all, a resolution is what you and your creditors need the most.
If you’re going through a bankruptcy claim, then you already know how stressful the process can be. If you have assets like a home or vehicle tied up in the process, then you’re likely concerned about losing them to your lenders. Our firm can help you make the right decisions to secure your assets and protect your financial future.
We can communicate directly with the courts and your trustee to ensure the best possible legal outcome in your situation. We can also advise you on how to complete paperwork, which type of bankruptcy to file for, and how to proceed with your debts or court-ordered payment plans.
How to Get Started on Your Case
Bankruptcy is a time-sensitive matter, so there’s no time to waste. Don’t let your financial future get decided by someone who doesn’t have your best interests in mind. Instead, hire a legal representative who will fight for you inside and outside of the courtroom.
Are You Considering Filing For Bankruptcy?
If you feel bankruptcy is the best option for your financial situation you need to speak with an experienced bankruptcy lawyer as soon as possible. Please contact us online or call our office directly at 888.348.2616 to schedule your free consultation.