Chapter 7 Trustee

Joliet Illinois Bankruptcy Lawyers & Attorneys

Jesse Barrientes: Explain to the folks at home what a trustee is.

Dave Siegel: Well, a trustee is a person appointed by the bankruptcy court to look over your case. To make sure you don�t have any significant assets. If you do have assets that trustee will administer the assets for the benefit of creditors. But 99 percent of the time there are no assets. And the debtor, the individual filing bankruptcy, will be granted a discharge. And the whole process takes about 90 to 120 days give or take, from start to finish. And it really is a lifesaver Jesse for someone in Joliet who is struggling for debt � with debt rather. It takes them from being in the red to in the black, sometimes overnight with the filing of a petition. And they can rebuild. They can then start saving again. They can then start putting some money away towards their house, towards their vehicle, towards their family, their children.

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Chapter 7

What is Chapter 7?

Qualifying for a Chaper 7

What’s needed to file a Chapter 7 case?

Chapter 7 housing allowance

Chapter 7 & autos

Stay on creditors during a Chapter 7 case

Mistakes made in a Chapter 7 case

Chapter 7 & second mortgages

Listing creditors in a Chapter 7 case

Credit counseling classes in a Chapter 7 case