The Role of the Bankruptcy Trustee

A bankruptcy trustee represents the interest of the bankruptcy estate, not the creditors or the debtor. Their job is to make sure that all activities are on the up and up and that the estate is functioning optimally. All information reported by the debtor needs to be fully disclosed and accurate. The debtor must report their full legal name, marital status and date of birth. It is also important that the debtor list all creditors, even dear old mom, all assets, and whether or not they have filed bankruptcy previously.