It's always important to know as much information as possible when making a financial decision, and this is certainly the case when you are contemplating bankruptcy as a way to solve your out-of-control debt problem. It helps to know the various players involved in your proceedings, and one of these is the United States trustee.
In a typical bankruptcy case, you will probably not see the judge. Instead, you and your lawyer will deal with a case trustee during a Chapter 7 filing, and this person is responsible for representing the creditors and trying to get as much of their money back as possible. This is done by liquidating your assets, assuming that you have any nonexempt assets that are worth pursuing.
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There is another individual you may not have heard of, however. This is the US trustee, and he is an employee of the United States Department of Justice. There are 21 regional districts throughout the United States, and each one is headed by a US trustee.
As a matter of fact, the person who oversees this entire group of regional offices is appointed directly by the Attorney General United States.
What exactly does this person do? Well, officially, he is in charge of 341 meetings (which is a fancy term for your bankruptcy hearing), although this is usually left up to the case trustee who tries to get as much as possible for the creditors. However, the US trustee acts as an overseer making sure that all funds are properly accounted for and that there is no fraud taking place in these cases.
This officer can refer cases to the United States Attorney, provide assistance if you are disabled and need help during your 341 meeting, and helps review your Chapter 13 repayment plans in case you don't pay.
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