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The United States Trustee Program is a component of the United States Department of Justice that is responsible for overseeing the administration of bankruptcy cases and private trustees. [1] The applicable federal law is found at 28 U.S.C. § 586 and 11 U.S.C. § 101 , et seq.
In limited circumstances, the creditors involved in a bankruptcy case can elect a trustee. In a Chapter 7 Bankruptcy ("Liquidation") the trustee gathers the debtor's non-exempt property, managing the funds from the sale of those assets, and then paying expenses and distributing the balance to the owed creditors.
A trustee is an individual or entity responsible for overseeing a bankruptcy case. In chapter 13 bankruptcy, the trustee is responsible for reviewing the proposed payment plan, collecting payments ...
The Trustee has other duties including the administration of most bankruptcy cases and trustees. [26] Under Section 307 of Title 11 of the U.S. Code, a U.S. Trustee "may raise and may appear and be heard on any issue in any case or proceeding" in bankruptcy except for filing a plan of reorganization in a chapter 11 case.
The trustee in the bankruptcy case of Colorado football player Shilo Sanders also is pursuing an affidavit from Deion Sanders about family finances. ... “This is a bankruptcy case, and the ...
Thirty days after your Chapter 13 filing date, you are required to begin making plan payments to the bankruptcy trustee for your case. This is required even if the court hasn’t fully approved ...