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

A bankruptcy trustee is an individual appointed by the court to manage a debtor’s bankruptcy case and administer assets that are part of the bankruptcy estate. The trustee is responsible for reviewing the paperwork during the bankruptcy case, making sure creditors get paid, and determining how much of a debtor’s debts will be discharged. The trustee is also responsible for ensuring that the debtor complies with the bankruptcy law. A bankruptcy lawyer is an individual who practices law in the area of bankruptcy. They provide legal advice to those looking to file for bankruptcy and help them understand the legal process. Bankruptcy lawyers will review financial documents, help determine which type of bankruptcy is ideal to file for, and will represent clients during any court proceedings. Additionally, bankruptcy lawyers can also assist clients with debt reorganization or a foreclosure alternative. The main difference between a bankruptcy trustee and a bankruptcy lawyer is that a trustee is appointed by the court and is responsible for managing the case, while a bankruptcy lawyer is hired by a client and is responsible for providing legal advice.

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

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