A Trustee, like any other creditor, must take actions within the times set out by the Bankruptcy Code. The hearing notice for the first hearing, commonly called the meeting of creditors or 341 notice, sets forth the initial time limits for a Trustee to act. There are, however, ways to extend that time when a Trustee has a valid reason to do so. You need to talk with your attorney about this. If you do not have an attorney, you should contact an attorney at once to advise you on this and many other issues that come up in a bankruptcy case.
Answered on Jan 15th, 2013 at 10:28 AM