Bankruptcy Trustee Doesn’t Make Ultimate Decisions

How bankruptcy works

From the questions I answer from clients in my office and netizens on Lawyers.com, lots of people think that bankruptcy trustees are the last word in the bankruptcy world. Not so: the trustee is an interested party, generally tasked with representing the creditors as a group and ensuring that bankruptcy cases comply with the law.

But if a dispute arises, say about the allowance of an exemption or the application of the means test, and the debtor and the trustee can’t resolve the difference, it is the bankruptcy judge who makes the call.

6 Responses

  1. craps zone  •  May 27, 2007 @5:33 pm

    craps zone…

    craps zone…

  2. China Law Blog  •  June 12, 2007 @4:28 am

    China’s New Bankruptcy Law — First Report From The Ground…

    Co-written by Travis Hodgkins China’s new bankruptcy law has been in effect for nearly two weeks now and so far nobody seems to be aware of any cases having been filed. For an English language translation of this new law, provided by the Bankruptcy La…

  3. all student loan  •  October 28, 2007 @10:13 am

    all student loan

    Everyone desires to have easy access to the net.

  4. Power Of Law Forms  •  November 8, 2007 @12:19 pm

    Power Of Law Forms

    I couldn’t understand some parts of this article, but it sounds interesting

  5. Jack  •  November 8, 2007 @5:31 pm

    Jack

    Learn all you can by reading the following article

  6. buy fastsize extender here

    The FastSize Extender is currently the most powerful traction

Leave a Reply

You must be logged in to post a comment.