In bankruptcy proceedings, the trustee serves as being the agent with the creditors. In Chapter seven bankruptcy, they're going to liquidate your non-exempt assets to repay the creditors. In Chapter 13 bankruptcy, they take care of the collection and distribution of your payments to the creditors.Additional importantly, purchasing on a stricter spe
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And when funds is tight, you could market your assets and spend the income about the things you need. But retain good records in the event that the bankruptcy trustee asks with regard to the transactions.Most of these debts are referred to as "nondischargeable debts." Ahead of choosing to file, be sure that bankruptcy will "discharge" or get rid of