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When you file for Chapter 7 or Chapter 13 bankruptcy, the United States Trustee will appoint a bankruptcy trustee to administer your case. The bankruptcy trustee's role varies depending on whether yours is a Chapter 7 or Chapter 13 case. But in both types of bankruptcy, the trustee will review your bankruptcy petition, look for fraud or red flags, and try to maximize the amount of money your unsecured creditors will get through your bankruptcy.
Below, bankruptcy expert and former Chapter 7 trustee, Patricia Dzikowski, explains the duties and powers of the bankruptcy trustee, discusses bankrupty trustee fees, and weighs in on how the trustee will act in certain situations. Because Patricia served as a Chapter 7 bankruptcy trustee for more than 15 years, her in-depth legal knowledge is enriched with real world experiences.