In Chapter 13 bankruptcy, the trustee's role is broader than in Chapter 7 because debtors retain all their assets; the trustee not only performs standard Chapter 7 duties but also administers the Chapter 13 repayment plan by reviewing it to ensure creditors are paid according to their liquidation entitlements and verifying the plan's feasibility over a 3-to-5 year period.
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What a Chapter 13 Trustee Actually Does #bankruptcy #legalAdded:
In a chapter 13 bankruptcy, the trustee's role traditionally is broader.
That's because in a chapter 13 bankruptcy, you retain all of your assets. The issue is how much has to be paid back. The chapter 13 trustee does all of the things that a chapter 7 trustee does, but is also charged with administering the chapter 13 plan that you filed with the court. This means that the chapter 13 trustee is carefully reviewing the chapter 13 repayment plan that you filed with the court. They are making certain that it provides for each creditor to be paid in the way they're entitled to based on your liquidation analysis, and they do this for a 3-to-5-year period of time depending on the payment term that you select. And they're also making sure that it's feasible.
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