Bankruptcy Trustee – Chapter 7 and Chapter 13

When a person files bankruptcy there are two (2) Trustees involved in the bankruptcy process. One is the United States Trustee who is employed by the United States Department of Justice, and the other is a local attorney appointed by the bankruptcy court to oversee the bankruptcy proceedings and protect the creditors.

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What are Bankruptcy Exemptions?

When you file bankruptcy the Trustee may sell your property (real or personal) to pay some or all of your unsecured debts. However, both state and federal law provides certain exemptions which protect your property. For more information consult with a Chattanooga bankruptcy lawyer.

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Foreclosures Halted Due to Serious Bank Errors

According to ABC News Bank of America and other banks have indefinitely halted foreclosure sales in order to get a handle on all of the paperwork problems. The foreclosure mess has gotten a lot worse, and now even the US Congress is investigating the issue to determine if there is misconduct involved on the part of the banks. If you are in the process of foreclosure retain an attorney to ensure that the paperwork is in order and the process is legally proper.

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