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In a bankruptcy case, the bankruptcy trustee's lawyer is typically paid from the assets of the bankruptcy estate. This means that the funds are drawn from the money and property available in the estate, which may include proceeds from liquidated assets. If the estate does not have sufficient funds, the trustee's attorney may not receive payment for their services. In some cases, the debtor may also be required to pay certain fees, depending on the type of bankruptcy filed.
What else can I help you with?
What has the author Alexander L Paskay written?
Alexander L. Paskay has written: 'Handbook for trustees and receivers in bankruptcy' -- subject(s): Bankruptcy, Bankruptcy trustees
In order to file bankruptcy must you have a bankruptcy attorney?
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
What does the Insolvency Service do in the UK?
The Insolvency Service in the UK is responsible for administering and investigating bankruptcy. They can act as trustees or nominees in bankruptcy situations.
How do you add a creditor to a bankruptcy after you have filed?
Check with your bankruptcy lawyer.
Can a lawyer provide you with bankruptcy information?
A lawyer is actually one of the best resources for information about bankruptcy. There are even bankruptcy lawyers who specialize in Chapter 7 and Chapter 13 bankruptcy law.
When do you need to search out a bankruptcy lawyer?
While you're filing for bankruptcy you may want a bankruptcy lawyer, because it can be very confusing at times and they will be extremely helpful.
Does the bankruptcy court notify you when the bankruptcy is final and legally discharged?
No. The lawyer does.
Can lawyer file bankruptcy?
Sure
Who is a recommended bankruptcy lawyer in California?
There are many recommended bankruptcy lawyers located int the state of California. An example of a recommended bankruptcy lawyer in California is Mark J. Markus.
What has the author James I Shepard written?
James I. Shepard has written: 'The trustee's bankruptcy tax manual' -- subject(s): Bankruptcy, Taxation, Trusts and trustees
What is a bankruptcy trustee?
The court appointed person (usually another lawyer) that takes all non-exempt property from the debtor, liquidates the property, and pays the creditors (according to a specific formula)
Where can I find a bankruptcy lawyer whose fees are cheap in Omaha, NE?
There are several inexpensive bankruptcy attorneys - try Craigslist.org or http://lawyers.findlaw.com/lawyer/firm/Bankruptcy-Law/Omaha/Nebraska
