Making the decision to file for bankruptcy is difficult. If you have worked through other options and obtained an experienced legal opinion, bankruptcy is a good choice for getting a fresh financial start.
Once they file, many bankruptcy petitioners wonder what comes next. As soon as your bankruptcy petition and schedules are filed, you benefit from the automatic stay. This halts all collection actions against you for a period of time.
When you file for bankruptcy, an officer of the court is appointed to supervise your case. That officer is called a trustee. Depending on the type of bankruptcy you file, the role of your trustee is slightly different. Consider the duties of a Chapter 7 and Chapter 13 bankruptcy trustee:
The purpose of the trustee in either type of case is to move your bankruptcy petition through the process, marshalling assets and ensuring the payment of creditors and discharge of debt.
When you have questions about bankruptcy or the trustee process in Florida, speak with one of our Jacksonville bankruptcy attorneys.
Bankruptcy attorney Shane Herbert also contributed to this blog post.