November 21, 2017

There’ll Be a New Trustee in Town

Longtime Chapter 13 Trustee Fred Long (who covers the Eugene Region of the District of Oregon) will be retiring in several months.  There is now a search committee at the United States Trustee, a division of the Department of Justice, looking for qualified applicants to fill this position.

The Chapter 13 Trustee’s job, along with his staff, is to administer Chapter 13 Bankruptcy Plans.  Chapter 13 bankruptcy, as discussed in previous posts, is a reorganization bankruptcy, where a consumer makes payments for 3-5 years into a bankruptcy plan; the Trustee’s role is to make certain the plan is feasible (enough money is going into the plan to fund it) and to disburse those funds to creditors.

We’ll keep a close eye out to see who the new Chapter 13 Trustee, for the Eugene Region of the District of Oregon, will be.  Stay tuned…

 

 

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