Obligation of Trustee
July 6th, 2011 by Questions
At what point can a trustee request to be released from handling the affairs of the Bankrupt? What is the Bankrupt’s recourse if the Trustee does not look after the interests of Bankrupt as well as they do of the creditor?
Posted from: Manitoba
One Response to “Obligation of Trustee”
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July 06, 2011 at 6:39 am, A licensed trustee said:
Your trustee is obliged to stay active on your file until they have had a discharge hearing (gone to Court). If you don’t appear in Court or fail to comply with the Court’s Order your trustee has the right to close their file and “cut you loose”. This happens in about 1% of all files and it is always because the person that filed for bankruptcy failed to complete all of their duties.
If you do what you are supposed to do when you are supposed to do it bankruptcy is a fairly straightforward process. No one wants to file, but the hard part is deciding you need to – once the decison has been made it becomes a process that you simply need to work through.