If you are considering filing for Chapter 13 bankruptcy in Florida, you may be wondering what role the trustee plays in helping you to repay your debts. At The Law Offices of George Castrataro, P.A., we provide answers and advice to people who want to know more about what is involved in the discharge of your debts through a restructured payment plan.
According to the U.S. Courts, after you file your Chapter 13 petition, a trustee will be appointed to oversee your case. Although you will appear before the judge in court, the trustee is the person who you will interact with primarily during your bankruptcy. He or she will review the financial information you provide and evaluate your circumstances. A trustee also performs the following duties:
- Schedule and conduct the meeting between you and your creditors
- Collect the payments you owe according to the timetable outlined in the plan
- Distribute funds among your creditors
The trustee also attends your court hearing, where a judge will rule on your repayment plan. Any questions you have about the creditor meeting or hearing may be directed to your trustee. While you are under Chapter 13 protection, any necessary interactions with creditors will be handled by the trustee.
If you need to take out a loan or open a new credit card account while you are still paying your plan, you must consult with the trustee first. A new debt must not get in the way of your ability to make your bankruptcy payments. More details about Chapter 13 repayment plans are available on our webpage.