Is a bankruptcy trustee a judge?

Is a bankruptcy trustee a judge?

The trustee is not the judge. The trustee represents the creditors, we represent you and the judge oversees the process and rules on motions and other matters that are brought before the Court. It is the judge, not the trustee, who will sign your Discharge Order that frees you from all of your dischargeable debt.

Who appoints a Chapter 7 trustee?

the United States Trustee
Chapter 7 trustees are often referred to as “panel trustees” because they are appointed by the United States Trustee to a panel in each judicial district.

Who is the bankruptcy trustee in the United States?

A bankruptcy trustee is a person appointed by the United States Trustee, an officer of the Department of Justice, to represent a debtor’s estate in a bankruptcy proceeding. Bankruptcy trustees evaluate and make recommendations about various debtor demands in accordance with the U.S. Bankruptcy Code.

Can a debtor buy property from a bankruptcy trustee?

However, converting to Chapter 13 Bankruptcy or buying the property from the trustee may prevent you from losing your property. Some Chapter 7 debtors will have the right to convert their case to Chapter 13 bankruptcy, as permitted under 11 U.S.C. § 706 (a).

Who is the second most important person in a bankruptcy?

A bankruptcy trustee is the second most important person after the debtor in the bankruptcy. This trustee manages the debtor’s property and is also responsible for distributing the proceeds of the property to the debt holders.

Can a bankruptcy trustee collect and reduce to money?

Indeed, it is the duty of the trustee to “collect and reduce to money the property of the estate for which such trustee serves…..” 11 U.S.C. § 704 (a) (1). The trustee does so by selling property under 11 U.S.C. § 363 (b). However, the good news is you might have a number of options to avoid this sale, discussed below.

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