Bankruptcy Today

: The trustee looks for non-exempt property to sell and pay creditors (in Chapter 7) or reviews your repayment budget (in Chapter 13).

When you file for bankruptcy, a trustee is assigned to oversee your case and investigate your finances. BANKRUPTCY

: You must meet with the trustee to answer questions under oath about your financial status. This usually takes 5–15 minutes. : The trustee looks for non-exempt property to

: They check for "preference payments" (paying back friends or specific creditors just before filing) and hidden assets. Academic Bankruptcy Law Reviews This usually takes 5–15 minutes

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: The trustee examines your bankruptcy petition for errors and verifies all assets and liabilities are listed.