The bankruptcy court will appoint a trustee for your case shortly after bankruptcy forms are filed. In a liquidation proceeding, the role of the trustee is to sell your property and distribute the proceeds to your creditors. The trustee can also set aside fraudulent transfers and
preferential transfers made to creditors within the 90 days prior to the bankruptcy proceedings. The trustee will also determine which items of your property are exempt from sale to pay your debts.
In a repayment plan proceeding, the trustee coordinates the arrangements between you and your creditors. The trustee will collect payments from you and distribute them to your creditors. The trustee is also responsible for approving any new credit obligations that you undertake before the completion of your repayment plan.
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