Personal bankruptcy aims at providing you with another options; a fresh start by your money. But not knowing what happens once you file for bankruptcy can also be feel terrifying.
This post traces what takes place after you declare Part thirteen and Chapter 7 bankruptcy proceeding, and you can what happens immediately after their bankruptcy circumstances are closed.
A good Trustee Could be Allotted to Your Situation
When you document, a personal bankruptcy trustee would be allotted to your own case. So it trustee have been around in fees off providing your own bankruptcy submitting. Overall, this new trustee tend to often:
- Supervise brand new liquidation from assets inside the a chapter 7 situation, or
- Supervise the newest payment out-of debts within the a section 13 case. Continue reading What happens Once you File for bankruptcy?