What does a trustee look for in bankruptcy?

Most trustees will compare the information provided in the bankruptcy petition and schedules (the paperwork you file with the court) to other financial documents you turn over, such as paycheck stubs, tax returns, and bank statements.

What questions does a bankruptcy trustee ask?

Common Bankruptcy Trustee Questions

  • Did you review your bankruptcy petition and schedules before you filed them with the court?
  • Is all of the information contained in your bankruptcy papers true and correct to the best of your knowledge?
  • Did you disclose all of your assets?

Does bankruptcy take all your money?

You Will Not Lose Everything: Exempt assets are Protected from Creditors. Exempt assets are protected from your creditors which, in turn, means you get to keep them. In contrast, nonexempt assets can be sold by your bankruptcy trustee to pay your creditors.

Can a bankruptcy trustee access bank accounts?

Your bankruptcy trustee can ask for up to two years of bank statements. The trustee will look at your statements to verify your monthly payments to make sure they match the expenses you put on your bankruptcy forms.

Where is the Office of the United States Trustee in Texas?

The Dallas, TX office of the United States Trustee serves the Northern District of Texas. On June 21, 2021, the United States Trustee Program’s rule titled Procedures for Completing Uniform Periodic Reports in Non-Small Business Cases Filed Under Chapter 11 of Title 11, (28 C.F.R. § 58.8) became effective.

How do I make a payment to the trustee?

If you wish to make electronic payments to the Trustee, please register with TFS Bill Pay found under the Payment Tab on our website. Unless otherwise communicated, the Trustee Office will follow the guidance of the Dallas Independent School District when determining to close or delay opening of the office during inclement weather.

Will the trustee Call Me or email me?

Remember, the trustee will never call you or send you an email or letter that requires that you provide us with any personal or banking information. Should you receive any communication or telephone call requesting such information concerning your bankruptcy case, please notify your attorney and the trustee.