Part One: Trustees Duties In Chapter 7 Bankruptcy And Chapter 13 Bankruptcy
The Duties of the Chapter 13 Trustee and the Chapter 7 Trustees Duties in Bankruptcy are largely similar. Bankruptcy Code Section 1302(b)(1) states that the Chapter 13 Trustee must perform the duties specified under Bankruptcy Code Sections 704(2), 704(3), 704(4), 704(5), 704(6), 704(7), and 704(9). These Sections of the Bankruptcy Code govern both Chapter 7 Bankruptcy Trustees and Chapter 13 Bankruptcy Trustees.
Bankruptcy Code Section 704(2) states that the Trustee must be accountable for all property received, 704(4) mandates that the Trustee must investigate the affairs of the Debtor, 704(5) orders that the Trustee, in cases in which a purpose will be served, examine Proof Of Claims and
Object where appropriate. The Bankruptcy Trustees must also issue a Final Report and Final Accounting with the Bankruptcy Court and the United States Trustee. Both the Chapter 7 Bankruptcy Trustee and the Chapter 13 Bankruptcy Trustee must also file certain Notices regarding Child Support Obligations.