Trustee's Role in Bankruptcy

A bankruptcy trustee is an impartial professional appointed by the court to manage the debtor’s estate. Their role is to review the debtor’s financial situation, identify and gather assets, verify claims from creditors, and distribute the available assets fairly according to legal priorities. They also ensure that the bankruptcy process complies with the law, investigate for any fraudulent activity, and maximize the value of the estate for creditors. Essentially, the trustee acts as a neutral facilitator who oversees the proper administration of the bankruptcy case to ensure an equitable resolution for all parties involved.