What Is a Bankruptcy Trustee?

Rate:

(0 Ratings)

Post a Comment

Add to Playlist |

I Did This

Part of the video series: Bankruptcy & Foreclosure

About Bankruptcy
Bankruptcy is a legal proceeding that takes place in the federal bankruptcy court, in order to have your f… More
Guidelines for Filing Bankruptcy
The guidelines for filling bankruptcy require an individual not be able to pay existing debt due to excess… More
About Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the simplest form of bankruptcy and involves the bankruptcy court looking at asset… More
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a re-organizational bankruptcy for people with regular income, which provides for… More
Rules for Filing Chapter 13
The rules for filing Chapter 13 bankruptcy include allowing individuals the opportunity to repay debt over… More
How to Build Your Credit Back Up From Chapter 7
To build credit back up after filing for chapter seven, consider getting a prepaid credit card, getting so… More
How to File a Motion in Chapter 13 Bankruptcy
The person filing for a Chapter 13 bankruptcy has regular income, and instead of selling all his possessio… More
How to File Bankruptcy
When filing for bankruptcy, seek out the professional help of a lawyer and gather important information re… More
What Happens in Bankruptcy?
Bankruptcy is the financial legal process of charging off debt that cannot be paid, however, with new bank… More
What Is a Bankruptcy Trustee?
A bankruptcy trustee is an individual or corporation appointed by the bankruptcy court to represent the ba… More

Summary: A bankruptcy trustee is an individual or corporation appointed by the bankruptcy court to represent the bankruptcy estate. Discover how a bankruptcy trustee can take non-exempt assets and convert them to cash with help from a certified civil mediator in this free video on bankruptcy and money management.

Views:: 223

Presenter

By Robert Todd
eHow Presenter

Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court-certified civil...read more

URL:

Embed:

Video Transcript

"You've recently been worried about bankruptcy because you're considering filing and you've been reading up on it and you're coming across some terms that you may not be familiar with, and one of those is a bankruptcy trustee. Hello, I'm Robert Todd, and I'm here to answer the question: What is a bankruptcy trustee? Well, first of all, a bankruptcy trustee is either an individual or a corporation appointed by the bankruptcy court to represent the bankruptcy estate. And for example, in a Chapter 7 bankruptcy, the bankruptcy trustee takes the non-exempt assets of you, the debtor, and converts them to cash, in other words, sells them to basically come up with cash to pay off the debts. The bankruptcy trustee also makes sure that the debtor's schedule of assets clearly defines those that are exempt and those that are non-exempt. There's also a bankruptcy trustee in a Chapter 13 bankruptcy and a Chapter 12 bankruptcy. And that's basically what a bankruptcy trustee is. I'm Robert Todd, and thank you for watching."

eHow Article: What Is a Bankruptcy Trustee?