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Maureen Gaughan Esq. Bankruptcy Trustee PO Box 6729 Chandler, Arizona 852466729 Dear Chapter 7 Petitioner: I have been assigned the Trustee for your Bankruptcy case. As a representative of the Court,.

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Interim trustee refers to a person or entity appointed by the United States Trustee to perform trustee duties in a particular bankruptcy case. Upon the commencement of a case under Chapter 7 of the code, the U.S. Trustee appoints an interim trustee for that case.

The primary role of a chapter 7 trustee in an asset case is to liquidate the debtor's nonexempt assets in a manner that maximizes the return to the debtor's unsecured creditors.

Clifford J. White III serves as Director of the Executive Office for United States Trustees, under authority derived from the Attorney General.

Secured creditors like banks are going to get paid first. This is because their credit is secured by assets—typically ones that your business controls. Your plan and the courts may consider how integral the assets are that secure your loans to determine which secured creditors get paid first though.

A Chapter 7 bankruptcy may stay on credit reports 10 years after filing, and a Chapter 13 bankruptcy may stay on credit reports seven years after filing. Even though the impact on credit scores may diminish over time, bankruptcy can continue to hurt credit for as long as it's part of someone's credit reports.

Simon has served as a Chapter 7 panel trustee for the U.S. Bankruptcy Court for the Eastern District of Michigan since 1982. He is the president of the Bankruptcy Trustees Association for the Eastern District of Michigan and a member of the National Association of Bankruptcy Trustees.

Licensed Insolvency Trustees (LITs) are federally regulated professionals who provide advice and services to individuals and businesses with debt problems. LIT s help people make informed choices to deal with their financial difficulties.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232