Role of the Bankruptcy Trustee
Bankruptcy Law Firm in Illinois
In every legal action there are a number of professionals who play a unique
role. In bankruptcy, one of those professionals is the bankruptcy trustee.
If you are
filing for bankruptcy, it would be wise to thoroughly understand all of the key players involved
in your court hearing. Our lawyers can help you understand the key individuals,
what they do and the legal process.
We are Sulaiman Law Group, LTD, and our attorneys have the experience that
you need to guide you through a bankruptcy action. Not only do we provide
our clients with the kind of legal services that are necessary for analyzing
their options, we also provide personalized service, where we educate
our clients on the laws that influence their situation.
Looking for more information? Speak with a Chicago bankruptcy attorney
from Sulaiman Law Group, LTD. We’re here to provide the information
you need to make an informed decision for the future of your financial
health and well-being.
What Does a Bankruptcy Trustee Do?
A bankruptcy trustee really comes into play in a
Chapter 13 bankruptcy. A
Chapter 7 bankruptcy involves full liquidation. Under the law, there are certain items excluded
More About the Bankruptcy Trustee
The bankruptcy trustee is a private businessperson, often an attorney.
He or she is charged with upholding the Bankruptcy Code and collecting
as much money for the estate as possible and works in the interest of
According to the federal guidelines, the bankruptcy trustee gets a percentage
of whatever is collected on behalf of creditors. Therefore, some financial
incentive for the trustee involves ensuring that you are properly disclosing
How Does the Trustee Meeting Work?
To put this into context, if Blake and Crystal,* for example, went to the
meeting with the trustee, they would bring their Social Security card
and all of their documentation to the meeting. The purpose of the meeting
is to verify the information in the bankruptcy petition. Although Blake
and Crystal thought that the meeting would be very long and tedious, the
meeting with the trustee was only about three to four minutes long.
People tend to have many questions about this meeting. Our
frequently asked questions page addresses some of the most important questions you may have.
Contact Us to Learn About Your Options
Our lawyers understand that you are in a difficult place. When your finances
are out of control, they are overwhelming. It is okay to admit that you
need help. Our lawyers are here to help you and your family find the right
legal options for your financial hardships.
online or by calling us at
*Blake and Crystal are fictitious characters created for the purposes of
explaining and illustrating various bankruptcy situations.