{"id":17855,"date":"2024-01-23T23:52:29","date_gmt":"2024-01-23T23:52:29","guid":{"rendered":"https:\/\/fleysherlaw.com\/?p=17855"},"modified":"2024-01-23T23:52:31","modified_gmt":"2024-01-23T23:52:31","slug":"understanding-the-differences-between-chapter-7-and-chapter-13-bankruptcy-trustees","status":"publish","type":"post","link":"https:\/\/fleysherlaw.com\/blog\/bankruptcy\/understanding-the-differences-between-chapter-7-and-chapter-13-bankruptcy-trustees\/","title":{"rendered":"Understanding the Differences Between Chapter 7 and Chapter 13 Bankruptcy Trustees"},"content":{"rendered":"
Filing for bankruptcy<\/a> involves a meticulous legal process overseen by trustees who play pivotal roles in administering cases. Recognizing the distinctions between Chapter 7 and Chapter 13 trustees is crucial for anyone considering bankruptcy. In this article, we delve into the key differences, shedding light on the roles these trustees play and how they impact the bankruptcy process.<\/p>\n\n\n\n Chapter 7 bankruptcy<\/a>, frequently referred to as liquidation bankruptcy, entails the sale of a debtor's non-exempt assets to pay off creditors. Chapter 7 trustees are appointed to oversee this process. Their primary responsibilities include:<\/p>\n\n\n\nChapter 7 Trustees<\/h2>\n\n\n\n
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Chapter 13 Trustees<\/h2>\n\n\n\n