United Trustee services simplifies the process for you

UTS Bankruptcy Monitoring- Chapter 7, 11 and 13 cases. We will provide throughout the process updates and responses to legal action to ensure that the bankruptcy is terminated for our Association clients and Property Management Companies. Our services include Proof of Claim preparation, filings, non-payment notification of Post-Petition debt and recommendations for a new Lien.

There are three common types of bankruptcy named for their respective chapters in the United State Bankruptcy Code.

Chapter 7 – Also known as “liquidation” or “straight bankruptcy”. The most common filed bankruptcy. Essentially allows the debtor to make a fresh start. Proof of Claim cannot always be filed and can be striped.

Chapter 11 – Reorganization. Primarily applies to commercial enterprises that wish to continue business operations while repaying creditors through a court-approved reorganization plan.

Chapter 13 – Adjustment of Debts of an Individual with Regular Income. Designed for an individual who has a regular source of income, a desire to pay his or her debts, but currently is unable to do so. Under this chapter, usually allows the debtor to keep an asset, such as the house.