Month: February 2025

When an individual files for Chapter 13 bankruptcy, a court-appointed trustee is assigned to oversee the case. Essentially, a Chapter 13 trustee acts as an administrator, facilitator and enforcer of a debtor’s bankruptcy plan. For example, one of the trustee’s primary...

Chapter 7 bankruptcy, often called "liquidation bankruptcy," allows individuals to eliminate debt by selling non-exempt assets to pay creditors. However, not all property is subject to liquidation. Bankruptcy laws provide exemptions that let filers keep certain...