Understanding The Role Of Your Chapter 7 Bankruptcy Trustee
When your bankruptcy paperwork is received by the federal court, you are assigned a trustee. Bankruptcy trustees are appointed to oversee cases and their roles involve several facets of your case. It's important to know that trustees are not necessarily on your side nor are they adversarial – they are supposed to be neutral, just like a judge would be. Read on to find out more about the role of the trustee and, consequently, about some of the most important milestones you will encounter during the bankruptcy process.
Your Intro To Taxes And Bankruptcy
If you're about to declare bankruptcy, you're not alone. Bankruptcy is far more common than many people realize, and chances are there are a couple of people you know who have had to go the bankruptcy route as well. However, that doesn't mean that the process is easy. It is relatively simple when you see everything you have to do, but when you're first starting out, it can be confusing, especially in relation to your taxes.