CHAPTER 7 CHAPTER 7 PRACTICE TRENDS
| Jurisdiction | United States |
CHAPTER 7 - CHAPTER 7 PRACTICE TRENDS
Debtors and their attorneys face close scrutiny in chapter 7 cases. A chapter 7 trustee will carefully review a debtor's past and current financial situation to maximize any distribution to creditors, as well as fee agreements and disclosures. Chapter 7 focuses on chapter 7 practice trends.
A trustee's obligation under §§ 544 and 548 to avoid preferential payments can be shocking to debtors as well as the person who received the payment. Trustees often seek to avoid...
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