How Do You Become A Bankruptcy Trustee?
A bankruptcy trustee is a person appointed by the Justice Department to oversee the allocation of assets in a bankruptcy case. The trustee’s job is to take action to collect funds by liquidating the eligible assets of the debtor and distributing them to various creditors. They are frequently called upon to delegate and negotiate between the two parties to resolve any conflicts that arise during the bankruptcy process. The steps a person undertakes to become a bankruptcy trustee are outlined below. Step 1 Apply through the Justice Department to the US Trustee Program (see Resources). Qualified applicants generally possess a university degree and have achieved at least 5 years’ worth of relevant work experience in fields such as tax law, accounting or credit counseling. Step 2 Participate in a complete background check. This will include criminal records and fingerprint checks by local police, state police, the FBI and Interpol. Additionally, you must pass a drug-screening test, and have
