Will the court appoint a trustee to supervise my case when filing for Chapter 7 Bankruptcy?
Yes, the court will appoint a trustee to supervise your case when filing for Chapter 7 Bankruptcy in Virginia. The trustee is appointed by the court and is responsible for collecting and selling assets in the bankruptcy estate, such as property, cars, and other possessions. The trustee also has the authority to file objections to the debtor’s plan of repayment or to claims of creditors. Along with collecting and selling assets, the trustee is responsible for making sure that all of the paperwork required for the bankruptcy filing is properly completed and submitted, along with making sure that the debtor complies with all of the bankruptcy laws. The trustee will also review and investigate any financial documents provided by the debtor, and will review the debtor’s financial records to determine if any assets exist that could be sold to pay creditors. The trustee is also responsible for ensuring that all creditors are notified of the bankruptcy filing and that their rights are protected. Generally, the trustee will review the debtor’s proposed plan and make any necessary modifications. The trustee will then distribute the proceeds from the sale of the assets to the creditors in accordance with the court’s order. Overall, the court appoints a trustee to supervise the Chapter 7 Bankruptcy filing in Virginia to ensure that the debtor’s rights are protected and that creditors are properly compensated.
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