What does a Trustee do?
The Trustee is a disinterested individual that is appointed by the Court to carry forth the duties as prescribed by the Statute. Some of those duties are as follows:
- Issue official notices to each of the creditors that have been listed in an action.
- Process claim forms that are received, noting changes in address, account numbers and/or amounts.
- Create a written plan that shows how each creditor will be repaid over a maximum of three years.
- Report to the Court with findings and present a proposed payment plan.
- Notify employers of wage assignments and subsequent changes.
- Administer the plan. Receive payments and pay creditors according to the accepted plan.
- Communicate with creditors as necessary and when required.
- Create a final accounting and report to the Court, when the plan has been completed.
- Notify the Court of defaults and dismiss cases when necessary.
- Provide copies of dismissal documents to the debtor, their attorney, and all creditors.
- Retain accounting detail for future reference.
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