Chapter 13 bankruptcy cases typically last three to five years. During that time debtors are making payments to a trustee and the trustee is disbursing those funds to the creditors as per the terms of a court-approved reorganization plan. Three… Continue Reading
Chapter 13 plans require a debtor make payments to a trustee each month for thirty-six to sixty months. These funds are then paid to the creditors as described in the plan. Plan payments are calculated by adding together secured claims… Continue Reading
Chapter 13 bankruptcy is a way for debtors to reorganize their debts. Filers submit a plan to the court that states how they wish to pay (or not pay) their debts. These plans may provide payment for secured claims like… Continue Reading
A Chapter 7 bankruptcy trustee is appointed to oversee the bankruptcy estate when a petition is filed. Trustees are not government employees. They are attorneys appointed by the Office of the U.S. Trustee to administer Chapter 7 bankruptcy cases. These… Continue Reading
Chapter 13 Trustees are attorneys appointed by the Office of the U.S. Trustee to oversee the Chapter 13 bankruptcy process. They are private parties and not government employees. When a Chapter 13 bankruptcy case is filed a bankruptcy estate is… Continue Reading