Select your state

Bankruptcy

trustee

A bankruptcy trustee is a person or entity who is independent of the bankruptcy court and is appointed to oversee your bankruptcy case. A bankruptcy trustee is appointed in most every case—except in Chapter 11 reorganizations and Chapter 9 municipality cases. The bankruptcy trustee is responsible for reviewing your bankruptcy forms, investigating and verifying your financial information, and making sure your bankruptcy filing is not fraudulent.

In New York, as in other states, a bankruptcy trustee is an independent party appointed to manage the bankruptcy process for most types of bankruptcy cases, excluding Chapter 11 reorganizations and Chapter 9 municipality cases. The trustee's role is to oversee the case, which includes reviewing the debtor's bankruptcy forms and financial information, ensuring that the information is accurate and that there is no fraud involved in the filing. The trustee also has the authority to sell nonexempt property to pay creditors, challenge creditors' claims, and pursue actions against third parties who may have property that belongs to the bankruptcy estate. The appointment of a trustee is a standard part of the bankruptcy process and is intended to protect the integrity of the system and the interests of all parties involved.

Legal Articles

State Statutes

Individual & Family Legal Plan

As a LegalFix member, you'll get expert legal services from a local law firm that treats you like an important client. Don't wait—be prepared for life's inevitable legal challenges starting today. And ask your employer, credit union, or membership group about preferred pricing opportunities.

Bankruptcy

trustee

Individual & Family Legal Plan

Articles

New-York State Code

New-York State Code

Articles

Bankruptcy

trustee