Chapter 7 Bankruptcy Trustees Make Money Selling Assets Bankruptcy trustees are in business to make money. Most knowledgeable sources recommend against people filing bankruptcy cases without an attorney. But not Chapter 7 bankruptcy trustees. I recently attended a panel of some Chapter 7 Trustees who quite honestly admitted this fact. And why do they prefer this? Because trustees make more money when the party filing bankruptcy (debtor) has no legal representation. What Do Bankruptcy Trustees Do? In Chapter 7, a [...]
Can a bankruptcy trustee take assets years after you receive a discharge? How long can the Trustee keep the case open to pursue assets?