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

A bankruptcy trustee is someone who administers the bankruptcy case. They are appointed by the court to handle the case and help ensure that debtors are kept to the terms of their bankruptcy plan. A bankruptcy lawyer is a lawyer who specializes in bankruptcy law. They provide legal services to those filing for bankruptcy and advise clients on how to proceed with filing for bankruptcy in Rhode Island. These lawyers provide advice and counsel during the entire process, including filing for bankruptcy, negotiating with creditors, and helping to create payment plans for debts. The main differences between a bankruptcy lawyer and a bankruptcy trustee are their roles in a bankruptcy case. A bankruptcy lawyer is hired specifically to represent the debtor and provide legal counsel. They are there to advocate for the debtor’s best interests and help them navigate the bankruptcy process. On the other hand, a bankruptcy trustee is appointed by the court to administer the case. Their job is to make sure that bankruptcies are handled appropriately and that creditors receive the repayment they are entitled to.

Related FAQs

Are there any types of debt that will survive a bankruptcy discharge?
What kind of debt relief is available to married couples filing for bankruptcy?
Which debts cannot be discharged in bankruptcy?
What is the role of the bankruptcy judge?
Does filing for bankruptcy stop foreclosure proceedings?
What is the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy?
How do I know if I'm eligible to file for bankruptcy?
How often can I receive a bankruptcy discharge?
How can I protect co-signers from being affected by my bankruptcy?
What are the requirements for filing for bankruptcy under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?

Related Blog Posts

What is Bankruptcy Law? - July 31, 2023
What Are the Most Popular Types of Bankruptcy? - August 7, 2023
How to Choose the Right Bankruptcy Attorney for Your Case - August 14, 2023
Understand the Consequences of Not Filing for Bankruptcy - August 21, 2023
How to Avoid Bankruptcy With Financial Self-Management - August 28, 2023