Thursday, 19 September 2013

Working In Tune With Your Bankruptcy Trustee

Chang and Carlin, LLP is a bankruptcy law firm in Chicago that offers confidential, personal legal advice, especially in the areas of residential real estate, bankruptcy, foreclosure, and IRS and tax issues.

When it comes to bankruptcy, having an attorney on your side is very important. He is the one who has the key to your bankruptcy discharge. According to Chang and Carlin, LLP’s Schaumburg Bankruptcy Attorneys, if you want to get your bankruptcy discharge, you should do all you can to remain in the good graces of your bankruptcy trustee. But the question is, how exactly do you do that? Let’s find an answer.

Who is the trustee in bankruptcy?

The trustee in bankruptcy will either be:

•  the Official Receiver who is administering your bankruptcy
•  a licensed insolvency practitioner

Whether or not a licensed insolvency practitioner will be appointed as trustee in bankruptcy will usually depend on whether there are significant assets to be realised or if realisation is likely to be complex.

Ways to deal with a trustee

•  Cooperate with your bankruptcy trustee.  Not only is it a good idea; it is required by the law! Failure to cooperate with your bankruptcy trustee could result in the dismissal of your bankruptcy case.
•  Make sure you provide 60 days of pay stubs to the trustee well before the meeting of creditors. These should cover the 60 days PRIOR to the filing date.
•  File your credit counselling certificates as soon as the required class is finished.
•  Send the trustee your most recent tax return as soon as the case is filed.
•  If you are recently divorced, be prepared to provide the bankruptcy trustee with records that show how the marital assets were divided or liquidated.
•  Do not hide anything from your trustee, advises an experienced Chicago bankruptcy lawyer, from the law offices of Chang and Carlin.

Many see bankruptcy as a lonely journey into a new financial frontier; but in reality there are many people available to walk you down your new path to fiscal freedom, including family, friends, your bankruptcy trustee and your personal guide: Your bankruptcy attorney! The experienced Chicago Bankruptcy attorneys at the law offices of Chang and Carlin have the experience, compassion, and work ethic to see you through the bankruptcy process.

To book your appointment or for more information about Bankruptcy in Chicago, contact Chang and Carlin at 1-866-790-8601 or Request a Free No Obligation Bankruptcy Filing Consultation Today.

Disclaimer: The content provided by Chang and Carlin, LLP is not legal advice and is purely for informational purposes. The information contained herein is not a substitute for the advice of an attorney and does not create an attorney-client relationship. If you are interested in obtaining information about Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosure services, or Real Estate legal services, call our law firm at 1-866-790-8601 for a Free Legal Evaluation. Chang and Carlin, LLP serves clients in Chicago, Schaumburg, Joliet, and Warrenville.

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