The United States Bankruptcy Code can be complicated, especially if you are one of the millions of Americans who may be affected by it without knowing any of the details. The United States Trustees Program is one of the most important features of the Bankruptcy Code. The program is to set up to allow for supervision of bankruptcy claims, and to provide help for Americans hoping to pay off outstanding debts.
Understanding the Role of the Trustee
The United States Trustees Program is part of the Department of Justice. The US is broken into 21 separate jurisdictions, each administered by a Trustee appointed by the US Attorney General. Each trustee serves for a term of five years. Trustees are tasked with appointing and administering a staff of local trustees, who have offices in each judicial district in the region.
The Trustee Program is tasked with two main functions:
- Overseeing and administering most functions of bankruptcy courts.
- Overseeing a group of private trustees who handle most Chapter 7 bankruptcy cases. Chapter 7 is the type of bankruptcy that deals with liquidation of assets to pay for debts. Trustees sell the liquidated property and distribute it to debtors.
If you or someone you love is facing bankruptcy and has any questions about the process, the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC, can help. To learn more about what our experienced bankruptcy lawyers can do for you, contact us today by calling 414-377-0518.