Legal Question in Bankruptcy in West Virginia
Trustee Role in Bankruptcy
"What is the role of the trustee in ch6 bankruptcy after the hearing and money is given to him/her for disbursement to creditors."
Asked on 11/24/99, 1:01 pm
1 Answer from Attorneys
Re: Trustee Role in Bankruptcy
I don't know what a Chapter 6 bankruptcy is? Did you mean a Chapter 7 bankruptcy? The trustee in Chapter 7 distributes the funds collected to the creditors who have filed claims and pays administrative expenses. Then, the transactions are reported to the Court and a discharge is usually issued. The trustee also has the power to take possession of assets which are not exempt, and to conduct a thorough search for these assets.
Answered on 11/29/99, 8:29 pm
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