In bankruptcy proceedings, the trustee serves as being the representative from the creditors. In Chapter seven bankruptcy, they'll liquidate your non-exempt property to repay the creditors. In Chapter thirteen bankruptcy, they manage the collection and distribution of the payments for the creditors.But you will discover other essential distinctions

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With entry to 1M+ buyer evaluations and The professionals’ work heritage, you’ll have all the info you should make a use.In Chapter 7 bankruptcy, if the debtor obtains authorized title to collateral for your debt by paying out the creditor the replacement worth of the collateral inside a lump sum.No opinions is obtainable. The people today that