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Bankruptcy Law Practice in Denver and the following areas
When an individual files a chapter 13 petition, an impartial trustee is appointed to administer the case. In Colorado, the U.S. trustee appoints a standing trustee to serve in all chapter 13 cases. The chapter 13 Trustee negotiates a plan payment amount with your attorney. In the event the parties cannot reach an agreement, the bankruptcy judge will decide what your payment will be.
The chapter 13 trustee both evaluates the case and serves as a disbursing agent, collecting payments from the debtor and making distributions to creditors.
This information pertains to Chapter 13 and Chapter 7 consumer bankruptcy. Each state has bankruptcy laws which apply only in that state. The information contained in the preceding is provided for general information purposes and is not a substitute for a legal consultation and it is not intended as legal advice. Every individual's debt and financial situation is different and you should seek independent legal advice regarding you specific situation.
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