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Chapter 7 Bankruptcy

Chapter 7 Trustee Definition

Chapter 7 Trustee - the Chapter 7 trustee is the individual appointed by the office of the United States Trustee to oversee and manage potential assets in the bankruptcy case. In a case where the debtor has assets that are not exempt, the trustee will liquidate or sell those assets and distribute the funds [...]

2021-01-13T20:28:09-05:00February 1st, 2014|Chapter 7 Bankruptcy, Glossary|

Non-Exempt Property

Some people own property that cannot be protected in bankruptcy (non-exempt property). One option for property that is not exempt is the possibility of “buying back” non-exempt property from the trustee in a Chapter 7 bankruptcy. This is where the debtor has exempt funds available that can be used to "bid" on his own [...]

2021-03-03T23:13:15-05:00January 28th, 2014|Chapter 13 Bankruptcy, Chapter 7 Bankruptcy|

Chapter 7 Bankruptcy 341 Hearing

Your Chapter 7 bankruptcy 341 hearing will be held virtually on the Zoom platform. The US Trustee has released some informative videos on Common Questions About the Meeting of Creditors and even a video showing what a typical chapter 7 hearing is like.

2025-05-07T12:57:33-04:00January 28th, 2014|Chapter 7 Bankruptcy|
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