What does a trustee do?

The trustee’s job is to:

o Administer the bankruptcy
o Make sure creditors get as much money as possible
o Run the first meeting of creditors (also called the “section 341 meeting”).
o Collect and sell non-exempt property (in a chapter 7 case) or collect and pay out money on a repayment plan (in a chapter 13 case)
o Obtain information from you and documents related to your bankruptcy

Trustees are appointed by the bankruptcy court, but aren’t necessarily lawyers. Their fees are covered by the bankruptcy filing fee or are a set percentage of the money distributed in the bankruptcy.