Finding a suitable bankruptcy trustee in St. John’s, and understanding the relationship you are meant to have with them can be tricky. Below are some key pointers to keep in mind when consulting a bankruptcy trustee for the first time.
- You do not “hire” a trustee, and they do not work for you or your creditors. It is true that you will select your own trustee, and you will make payments to them, but they are actually appointed by the Court.
- The trustee’s primary responsibility is to ensure that you and your creditors follow the rules of the bankruptcy. They will also make sure everyone understands the process.
- If either you or your creditors do not abide by the rules of the bankruptcy, the trustee has a right to inflict a penalty.
- Most trustees are sympathetic to your financial situation, and will communicate with you in a compassionate manner.
- Trustees will likely be impressed that you are taking responsibility for your problems, and that you are willing to make a change.
Before selecting a trustee we recommend meeting with several of them. It is very important that you feel at ease with your trustee as you will be working with them for quite some time. Be sure to write down any questions you may have before the initial consultation, so that you can get all of the answers required to make your decision.
To meet with a licensed bankruptcy trustee in St. John’s, Newfoundland, please contact us today. Our bankruptcy trustees will guarantee that you receive the best possible care, and will do everything they can to help you make the right decision.
