What are the duties of a trustee in a bankruptcy proceeding?
The trustee performs many important functions under the bankruptcy code. A trustee shall collect and reduce to money the property of the estate for which such trustee serves, and close such estate as expeditiously as is compatible with the best interests of parties interest;
– A trustee is accountable for all property received.
– A trustee ensure that the debtor shall perform his intention as specified in section 521(2(b) of the Code.
– A trustee investigate the financial affairs of the debtor.
– A trustee, if advisable, would oppose the discharge of the debtor.
– If the business of the debtor is authorized to be operated, file with the court, with the United
States trustee, and with any governmental unit charged with responsibility for collection or determination of any tax arising out of such operation, periodic reports and summaries of the operation of such business, including a statement of receipts and disbursements, and such other information as the United States trustee or the court requires.
– A trustee shall make a final report and file a final account of the administration of the estate with the court and with United States trustee.
– If with respect to the debtor there is a claim for a domestic support obligation, provide the applicable notice specified.
– Use all reasonable and best efforts to transfer patients from a health care business that is in the process of being closed to an appropriate health care business that is in the vicinity of the health care business that is closing.
– The trustee shall review all the materials filed by the debtor and not later than 10 days after the date of the first meeting of creditors, file with the court a statement as to whether the debtor’s case would be presumed to an abused under section 707(b) and not later than 5 days after receiving a statement shall provide a copy of the statement to all creditors