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

In South Carolina, a bankruptcy trustee and a bankruptcy lawyer are two different individuals who provide essential services in the filing of bankruptcy. A bankruptcy trustee is an independent, court-appointed individual who oversees the process of filing bankruptcy and helps creditors receive payments from debtors through the bankruptcy process. Their job is to review the debtor’s financial information and assets to determine how much of the debt can be repaid and to ensure creditors are paid in full. They also collect and distribute assets to creditors, verify debtors’ income and assets, and act as the contact person for debtors and creditors. A bankruptcy lawyer, on the other hand, is a professional attorney hired by debtors to provide them with legal counsel and advice throughout the bankruptcy process. They will explain the filing process, advise on available bankruptcy options, represent the client in court hearings, and handle all aspects of the case from the filing to the eventual discharge. They also provide guidance on how to manage debts, prevent future bankruptcy filings, and explore debt repayment options. Overall, the primary difference between a bankruptcy trustee and a bankruptcy lawyer is that a trustee is an impartial third-party appointed by the court, while a lawyer is hired by the debtor to provide legal counsel and representation. Both are necessary for the successful filing of a bankruptcy case.

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

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