Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the purpose of the trustee?

purpose Trustee
0
Posted

What is the purpose of the trustee?

0

In Chapters 7 and 13, a trustee is appointed by the U.S. Trustee in order to administer the case. The trustee in these cases conducts the 341(a) meeting of creditors, keeps records, makes reports and recommendations regarding each case, and is primarily responsible for disbursement of the estate’s money to creditors who file claims. The trustee has many other duties but these are the basic functions. In a Chapter 11 case, a trustee may be appointed by the U.S. Trustee, but only after a motion is made by a party in interest and is so ordered by the court. For more information about trustees, go to the U.S. Trustee web site.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.