Less than Chapter seven bankruptcy, the trustee will liquidate your non-exempt assets and distribute the proceeds to your creditors. In Chapter thirteen filings, the trustee also oversees the debtor's repayment approach, gets payments in the debtor and disburses the money to creditors.The trustee also can object to the entry of the discharge (or a

Payments built to you from your pension scheme, which includes any lump sums, ahead of the close of one's bankruptcy can be employed as Element of an Money Payments Agreement (IPA) or Money Payments Order (IPO). This can entail you paying out a number of your personal debt along with your profits.The data offered on our Web page about any lawful se