How To File Bankruptcy In the United States

Join
Categories: Money | How Tos
  • Filing for bankruptcy in the United States is a matter that is handed by the federal court system. There are some aspects of the process that are determined by your state of residence at the time you file, however. Read on to learn how to file for bankruptcy in the United States.
  • Bankruptcy Trustee

    The bankruptcy trustee can be either an individual or a corporation. The trustee is appointed by the court, and serves as the intermediary between the bankrupt and their debtors. The trustee is responsible for gathering and liquidating the assets in Chapter 7 proceedings and for collecting the payments from the bankrupt and forwarding them to the creditors in chaper 13 bankruptcies.