BANKRUPTCY TRUSTEE IN ALABAMA
Ferguson & Ferguson
Attorneys at Law
Are you considering filing for bankruptcy in Huntsville, Cullman or Decatur, Alabama? Do you have questions about the role of the bankruptcy trustee in your case? When you file for Chapter 7 or Chapter 13 bankruptcy, your case will be assigned to a bankruptcy trustee. The trustee your case is assigned to generally handles the case to its completion. We work with bankruptcy trustees throughout the North Alabama area. We know what trustees require to oversee a successful bankruptcy and can use that knowledge to help you pursue your debt relief goals.
Who Is the Bankruptcy Trustee?
The bankruptcy trustee is not a government official, but is a private contractor hired by the U.S. Department of Justice. The role of a trustee is different depending upon whether you file for Chapter 7 or Chapter 13 bankruptcy.
- In a Chapter 7 bankruptcy, the trustee’s primary role is to liquidate the assets that are not protected and to distribute the money obtained from the sale among the creditors.
- In a Chapter 13 bankruptcy, the trustee’s role lasts from the initial filing to the end of the payment plan. They will be responsible for collecting your payments and distributing the money to your creditors. The trustee also has the ability to initiate a modification of the payment plan.
If you have any questions about bankruptcy in Huntsville, Decatur, Moulton, Cullman, Athens or Scottsboro, Alabama, we are here to help. We serve Cullman, Limestone, Lawrence, Jackson, Morgan and Madison Counties. Call now for your free consultation. Call 256-534-3435.