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Bankruptcy

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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 Rhode Island, as in other states, a bankruptcy trustee plays a crucial role in the bankruptcy process for Chapter 7 and Chapter 13 cases. The trustee is an independent administrator appointed by the bankruptcy court or the U.S. Trustee Program to oversee the case. The trustee's responsibilities include reviewing the debtor's bankruptcy forms and financial information, ensuring the accuracy and honesty of the submitted information, and identifying any potential fraud. The trustee also manages the sale of the debtor's non-exempt assets in a Chapter 7 case and collects payments from the debtor to distribute to creditors in a Chapter 13 case. Trustees are not appointed in Chapter 11 reorganization cases, which are typically for businesses, or Chapter 9 municipality cases. The role of the trustee is to act as a neutral party to administer the bankruptcy estate, protect the interests of the creditors, and ensure the bankruptcy process is conducted according to federal bankruptcy laws and state statutes.

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Bankruptcy

trustee

Individual & Family Legal Plan

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Rhode-Island State Code

Rhode-Island State Code

Bankruptcy

trustee

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