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i live in Louisiana and Recieved monies from a mass torte claim. Chapter 7 reopened. Creditirs notified and paid. Trustee/attorney is requesting to be paid. When should I expect the balance of the estate be paid to me.
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Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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Assuming there are sufficient funds to pay all your creditors and the Trustee, then you will receive any surplus after the Trustee has completed his administration of the case and all court approvals for payment have been received. There is no time limit on this, but it usually takes at least a year to complete. If you need more certainty, you should contact the Trustee in your case.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
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Answered on May 29th, 2012 at 12:13 PM