Panel Trustee

What does Panel Trustee mean?

The panel trustee is the representative of the bankruptcy estate who exercises statutory powers, principally for the benefit of the unsecured creditors, and is under the general supervision of the court and the direct supervision of the U.S. trustee or bankruptcy administrator. The trustee is a private individual or corporation appointed in all Chapter 7, Chapter 12, and Chapter 13 cases and some Chapter 11 cases.

The trustee's responsibilities include reviewing the debtor's petition and schedules and bringing actions against creditors or the debtor to recover property of the bankruptcy estate. In Chapter 7, the trustee liquidates property of the estate, and makes distributions to creditors. Trustees in Chapter 12 and 13 have similar duties to a Chapter 7 trustee, and the additional responsibilities of overseeing the debtor's plan, receiving payments from debtors, and disbursing plan payments to creditors.

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Bankruptcy Attorneys near Ashburn VA

Scott R. Sexauer, Attorney at Law

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10521 Judicial Drive, Suite 200
Fairfax, VA 22030

R and B Law Group, PLLC

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7700 Leesburg Pike, Suite 312
Falls Church, VA 22043

Andrews Law Firm

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122 North Alfred Street
Alexandria, VA 22314

Term of the Day

Temporary Disability

Temporary disability, according to the SSA, would be disability offered to claimants who have a condition which is not going to last at least 12 continuous months.

Category: Disability