3 Important Players in Bankruptcy Court
When you file for bankruptcy, there are three important players who will be involved in your case: the judge, the trustee, and your creditors. Here's what you need to know about each of them.
The judge is the one who will ultimately decide whether or not your bankruptcy case is approved. They'll consider factors like your income, assets, and debts to determine if you qualify for bankruptcy relief.
The trustee is the person tasked with overseeing your bankruptcy case. They'll make sure that you're following all the rules and regulations associated with bankruptcy. They may also take possession of some of your assets in order to pay off your creditors.
Your creditors are the people or companies that you owe money to.
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