Trustee information sheet 2025

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The document is a Trustee Information Sheet for bankruptcy cases, requiring debtors to provide detailed financial information as of the filing date. It includes sections for cash on hand, bank account balances, wages owed, tax refunds, assets such as securities and collectibles, vehicle details, domestic support obligations, and any payments made to creditors prior to filing. The form emphasizes the need for accurate reporting and ongoing updates regarding changes in financial status.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a trustee take your money?

Per California trust law, if a trustee takes money from the trust for personal use, even if its an authorized loan, then this action will be highly scrutinized, and there will be the presumption that they have breached their fiduciary duty of loyalty.

Can trustee take money after discharge?

Your trustee only has control of your estate until the bankruptcy is complete. However, if something was in progress during your bankruptcy and you dont collect the money until later, your trustee could still gain access to it.

What information does a trustee need?

Understand the terms of the Trust and ensure safety of assets: Assets within a Trust must remain safe, so a Trustee should understand the basic terms outlined in the Trust. He or she should know who all the beneficiaries are and have access to and review all the records to ensure theyre in order and accurate.

Can a trustee take money after discharge?

How Does a Chapter 7 Bankruptcy Trustee Get Paid? A Chapter 7 trustee receives $60 for each Chapter 7 case assigned to them, which isnt much considering the trustee is responsible for doing all of these things: reviewing bankruptcy paperwork. verifying supporting documents.

Can a trustee withdraw money?

The trustee generally has the authority to withdraw money from a trust to cover the cost of third-party professionals, as well as any other expenses arising as a result of administration.