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  1. #2
    Join Date
    Sep 2010
    Posts
    478

    Default Re: Can a Trustee Seek More Money Than is Listed in the Claims Register Summary

    After the Trustee collects all assets he/she is permitted to collect and turns those assets into cash, he/she pays claims based upon the distribution permitted under 11 USC 726. Once the money is gone he/she does a final accounting and the Clerk closes the case. This has nothing to do with the Debtor but for any assets the Trustee takes from the Debtor and/or any settlements with the Debtor due to the loss of some asset or other controversy.

    Edt to add: Oh, and, if, after payment of all claims there is money left over the money is returned to the Debtor.

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