It is usually converted to cash, which is used to pay the fees and expenses of the trustee and to pay the claims of unsecured creditors. The trustee’s fee is usually $45 plus a percentage of the amount collected from the debtor.
Understand Bankruptcy Law
Bankruptcy Law is complex, dense and difficult for many to understand. With the recent changes to the United States Bankruptcy Code, the task of navigating a bankruptcy filing has become even more cumbersome. With over a decade of experience, Robert A. Higgins & Associates is ready to help your case.
Learn More About Bankruptcy Law
Types of Bankruptcy
For consumers, Chapter 13 and Chapter 7 are the two most common types of bankruptcy. Which one is right for you? Choosing the right chapter of the bankruptcy code to excercise is extremely important. Our expert legal staff will guide you through the important selection process
Learn More About the Types of Bankruptcy
Bankruptcy Articles and Legal News
Looking for more information? Get the latest and most important information regarding bankruptcy and the larger legal scene in Texas and the United States.
Read Bankruptcy and Legal News Articles