What is the Purpose of the US Trustee?
A San Jose bankruptcy lawyer explains the purpose of the US Trustee...
In accordance with the US Bankruptcy Code, the US Trustee is the individual appointed by the United States Trustee, an officer of the Department of Justice, that represents the debtor (the individual filing for bankruptcy) with regard to their estate within a bankruptcy proceeding.
The US Trustee works within the guidelines of the BK Code and makes recommendations after evaluating the debtor’s circumstances, demands, and assets. For example, the US Trustee would facilitate the sale of debtor assets in order to pay off creditors.
The US Trustee responsibilities will vary between a Chapter 7 bankruptcy proceeding (which involves liquidation) and a Chapter 11 bankruptcy proceeding (which involves a restructuring of the debt), and a Chapter 13 bankruptcy filing (where the debtor keeps some of their assets and repays certain debts).
It is important to give full disclosure to the US Trustee, as they are ultimately there to assist you, as well as follow the strict guidelines with regard their purpose in their key bankruptcy role.
If you have questions regarding Bankruptcy in San Jose please contact us at 408.279.2288 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our downtown San Jose bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Jose and the South Bay!
