Chapter 13 Bankruptcy Trustee Responsibilities
Filing for Chapter 13 bankruptcy means that a person has committed to paying off his or her debt over a 3- to 5-year period. During this process a debtor will work closely with a person known as the trustee. A Chapter 13 bankruptcy trustee has several very important responsibilities during the bankruptcy process, each of which is aimed at making the process go more smoothly. Primarily, the trustee’s role is to work as the mediator between a debtor and his or her creditors, and this communicative position is essential.
When you file for Chapter 13 bankruptcy, your debts will be reorganized in a manner that allows you to better pay off your creditors while still allowing you to continue on with your normal life. As the bankruptcy trustee during such a case, their role is to:
- Ensure payment to creditors from the debtor in a timely manner
- Verify the truth of all bankruptcy documentation, including initial application
- Assist in mediation between debtors and creditors
Without an effective trustee, the relationship between debtors and creditors can become easily strained, making this process much more difficult than it otherwise could be.
As the person who ensures you fulfill your duties regarding your Chapter 13 repayment plan, a bankruptcy trustee plays a critical role in the bankruptcy process. Learn more about their role and what is expected of you in this process by speaking with the attorneys of Russell Van Beustring P.C. at 713-973-6650. We can answer all of your questions and ensure you feel comfortable with the decision you may regarding your debts.