My friend Filed for bankruptcy over a year ago and the trustee keeps extening the case and his lawyer says to just be patience. Are there other options for him to follow?
2007-02-03 05:16:30 · 4 answers · asked by hayquepasay2 1 in Business & Finance ➔ Personal Finance
I would follow the lawyer's advice. The only other thing I can think of is either to have the lawyer try to replace the trustee or to dismiss the current filing and file again.
But since all debt collection and legal action remains stayed, what's the hurry?
2007-02-03 06:08:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not really. The Trustee is obligated to look into various issues before they are allowed to let the case be discharged. Sometimes it can drag out for a long period of time depending on the case and any issues involving it. Listen to the attorney. Go with flow and give or provide the Trustee with any information that they request. Tell your friend to hang in there.
2007-02-04 17:22:42 · answer #2 · answered by scboi23on24 2 · 0⤊ 0⤋
Well, the answer to your question depends entirely upon WHY the trustee is delaying the case. And your friend is the one who should be asking these questions to his attorney. If the attorney's response is not satisfactory, then he should get a second opinion.
2007-02-03 16:13:03 · answer #3 · answered by Carl 7 · 1⤊ 0⤋
there is an order wherein lenders are payed after a financial ruin and a private loan may well be thank you to the decrease back of the line. your individuals have an prolonged look ahead to the money and reckoning on what sort of financial ruin it became into they won't be paid in finished in any respect.
2016-12-13 08:00:31 · answer #4 · answered by casco 4 · 0⤊ 0⤋