When you file Chapter 13 bankruptcy, you set up a repayment plan to help pay off your debts. The trustee helps oversee that plan.
You make regular monthly payments under a Chapter 13 bankruptcy, and rather than paying a particular creditor, you pay the trustee. The trustee takes the payment and divides out the money to your creditors.
This helps in a few ways:
The creditors don't have to come to you demanding payment. In fact, they aren't allowed to contact you.
The money gets distributed fairly in order of importance, without you having to worry about it.
The courts have someone they trust to handle your case — which just means they're more able to let people file Chapter 13.
The Chapter 13 bankruptcy trustee also makes recommendations on your behalf. They advise the court to accept your repayment plan and, later on when your repayment period is over, make the recommendation that your case be discharged.
Our office is responsible for helping you set up that repayment plan in the first place. We help you determine whether Chapter 13 is right for you and your priorities, and then get to work preparing your documents so the trustee will recommend your case.
Sometimes the Chapter 13 trustee may advise against you. For example, they can file a motion to dismiss your case if certain things go wrong. Our attorneys help you with that so mistakes don't cause major problems down the road.
Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.