What is the difference between a bankruptcy trustee and a bankruptcy lawyer?

A bankruptcy trustee and a bankruptcy lawyer are both involved in the bankruptcy process, but they play different roles in filing for bankruptcy. A bankruptcy trustee is a court-appointed individual who oversees a debtor’s financial situation and helps to ensure that they do not incur more debt and that creditors are paid the correct amount. This means that the trustee can help the debtor work out a plan to pay off their debts over time. On the other hand, a bankruptcy lawyer is a professional who specializes in the laws related to bankruptcy and provides legal advice to a debtor. They can help the debtor decide which type of bankruptcy to file, provide the necessary paperwork, and represent the debtor in court. In summary, the main difference between a bankruptcy trustee and a bankruptcy lawyer is that a trustee is a court-appointed individual who oversees a debtor’s financial situation, while a lawyer is a professional who specializes in the laws related to bankruptcy and provides legal advice and representation to a debtor. Ultimately, it is important to consult with both a bankruptcy lawyer and a bankruptcy trustee if you are considering filing for bankruptcy in Colorado.

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What is the difference between a bankruptcy trustee and a bankruptcy lawyer?

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