Spencer Fane attorney Andrea Chase recently published an article in The Show-Me Banker covering Chapter 7 bankruptcy and trustee administration.
The article, “Legal Eagle Spotlight: What Does the Trustee Mean to Me?” summarizes the role a trustee plays in a debtor’s bankruptcy case and when a creditor might get involved.
“One of the primary tasks of a Chapter 7 trustee is to reduce the debtor’s non-exempt property and claims to funds that can be distributed to creditors,” Andrea explains in the article. “In this way, the trustee is aligned with creditors as a whole — the more property the trustee can recover, the greater the likelihood of a meaningful distribution to creditors.”
To read the full article, please click here.