Case of bankruptcy aims at providing the second possibility; a fresh start by your bank account. Although not knowing what goes after you seek bankruptcy relief can be feel terrifying.

This article outlines what happens once you declare Part thirteen and you will Chapter 7 personal bankruptcy, and you may what goes on once your own bankruptcy proceeding circumstances is closed.

A Trustee Might be Assigned to Your Case

After you document, a personal bankruptcy trustee might possibly be assigned to their situation. So it trustee are typically in fees from providing your own bankruptcy proceeding filing. Generally speaking, new trustee often often:

• Manage the brand new liquidation out-of assets for the a chapter seven case, or
• Supervise the brand new payment of expense inside the a part thirteen instance. Continue reading →