17 Sep What is the Role of a Bankruptcy Trustee?
One party that your Florida Bankruptcy attorney will have to interact with, on a filers behalf, is the Bankruptcy Trustee. A Bankruptcy Trustee basically represents the interest of the creditors whom the bankruptcy filer owes money to.
Under 11 USC §704, the Bankruptcy Trustee’s duties include:
- quickly collecting and selling the property of the bankruptcy estate;
- being held accountable for all property that they receive from the bankruptcy filer;
- investigating the financial affairs of the debtor;
- examining proof of claims and objecting to the allowance of any claim that is improper;
- opposing the discharge of the debtor (if advisable); and
- unless the court orders otherwise, furnish such information concerning the estate and the estate’s administration as is requested by a party in interest
There are many moving parts to every Florida Bankruptcy petition and each filing is different. If you are considering filing for Bankruptcy, contact a Miami Bankruptcy Attorney at the Law Offices of Jeffrey Alan Aenlle, PA.