- Home
- Bankruptcy and Bankruptcy Code
- Chapter 7
- Chapter 11
- Chapter 13
- Chapter 12
- Rights of Pre-Petition Creditors in a Chapter 11 Bankruptcy
- Administrative Expenses in a Bankruptcy
- Assignment for the Benefit of Creditors - an ABC
- Auction of the Assets of a Debtor in a Bankruptcy
- Bankruptcy Checklist
- Facts about Business Bankruptcies
- Confirmation of a Plan of Reorganization; Chapter 11 Bankruptcy
- Cramdown
- Creditor's Rights and Responsibilties
- The Role of the Creditors' Committee in Bankruptcy
- The Disadvantages of Selling to a Debtor in Possession
- Distressed or Insolvent Debtors
- Executory Contracts
- Insolvency in Bankruptcy
- Involuntary Bankruptcy; Chapter 11; Petitioning Creditors
- Liquidation of the Assets of a Business
- Non-Dischargeable Debts in Bankruptcy
- Offset Rights (the Right to Setoff) in Bankruptcy
- Out of Court Settlements
- Out of Court Workouts
- Filing Bankruptcy; the Bankruptcy Petition
- Pre-Packaged Bankruptcy
- Avoidable Transfers; Preferential Transfers in Bankruptcy; Preferences; Preference Payments
- Priority of Claims in Bankruptcy; Bankruptcy Claims
- Reaffirmation of Debts in Bankruptcy
- Receiverships - Insolvent Debtors
- Must Subsidiaries File for Bankruptcy Protection
- Substantive Consolidation in Bankruptcy
- Trustee's Duties in Bankruptcy
- The U. S. Bankruptcy Code - An Overview
- Unsecured Creditors in Bankruptcy
- Why Businesses Fail
- Debtor in Possession; Chapter 11; Ordinary Course of Business
- Discharge of Debt in Bankruptcy
- No Asset Case in Bankruptcy; Exempt Assets; Discharge in Bankruptcy
- Myths and Misconceptions about Business Bankruptcies
- Chapter 9
- The U.S. Bankruptcy Code
- Updated Financial Statements on Bankrupt Companies
- What is a Bankruptcy Trustee
- Business Entities
- Departmental Operations
- Credit Practices
- Collection Practices
- Financial Analysis
- Financing Methods
- International Credit
- Laws and Regulations
- Payment Methods
- Performance Measures
- Security Instruments
- Career Management, and Job Change
- Credit Website Tools
- Upcoming Educational Events
- Credit and Collections Tools and Tips
- Tips on Creating Better Emails
- Generating Effective Credit Correspondence
- Exporting
- Accounting
What is a Bankruptcy Trustee
Trustees work for the bankruptcy court. They are appointed to oversee bankruptcy cases. Trustees are usually attorneys or accountants. It is important for debtors and creditors to recognize that the trustee assigned to a bankruptcy case represents (at least in theory) the interests of the creditors of the bankrupt debtor. In a Chapter 7 bankruptcy, the trustee's role is to gather the debtor's property, sell it, and distribute the proceeds to the creditors.
Copyright 2010 by Michael C. Dennis. All Rights Reserved