Tim Truman Standing Chapter 13 Trustee

For individuals in Texas facing overwhelming debt, Chapter 13 bankruptcy offers a structured path toward financial rehabilitation. This process, unlike Chapter 7 liquidation, involves developing a repayment plan for debts over a period of three to five years. A crucial figure in this journey is the Standing Chapter 13 Trustee, an impartial party appointed by the U.S. Bankruptcy Court to oversee the administration of these repayment plans. In Fort Worth, Texas, Tim Truman serves in this vital role, providing essential oversight and guidance to debtors, creditors, and their attorneys.

Tim Truman's office plays a pivotal, administrative role in the Chapter 13 bankruptcy process. While they do not provide legal advice to debtors—that is the responsibility of your own bankruptcy attorney—they are instrumental in ensuring that the Chapter 13 plan is feasible, that payments are collected and distributed correctly, and that the bankruptcy process adheres to federal guidelines. Their focus is on facilitating a smooth and compliant process, ultimately aiming to help debtors successfully complete their plans and achieve a fresh financial start.

The intricacies of bankruptcy law can be complex, and for local Texans considering Chapter 13, understanding the role of the Trustee is key. Tim Truman's office is committed to transparency and efficiency in this process, working diligently to manage thousands of cases in the Northern District of Texas. Their long-standing presence in the Fort Worth legal community signifies a deep familiarity with the specific needs and challenges faced by local debtors and creditors. This introduction aims to shed light on the critical function of Tim Truman, Standing Chapter 13 Trustee, and how his office serves as a cornerstone of the Chapter 13 bankruptcy system in Fort Worth.

For residents of Fort Worth, Texas, and the surrounding areas navigating Chapter 13 bankruptcy, knowing where to connect with the Trustee's office is essential. Tim Truman Standing Chapter 13 Trustee is located at 501 W 10th St, Fort Worth, TX 76102, USA. This address places the office in a central and accessible part of downtown Fort Worth, which is generally well-connected and easy to reach for individuals coming from various parts of the city and nearby communities in the Northern District of Texas.

The strategic location in downtown Fort Worth often means good access to public transportation options. Trinity Metro (FWTA) bus routes serve the downtown area, with stops likely within reasonable walking distance of the office. This is particularly beneficial for debtors who may not have consistent access to personal transportation, ensuring that logistical hurdles do not impede their ability to fulfill bankruptcy requirements or attend necessary meetings, such as the Section 341 Meeting of Creditors, which the Trustee typically presides over.

For those traveling by car, downtown Fort Worth offers various parking solutions, including street parking and multi-story parking garages. While specific parking at the 501 W 10th St building itself isn't explicitly detailed, ample parking facilities are usually available in the vicinity. It's always advisable for visitors to research nearby parking options before their visit to ensure convenience. The professional setting of the office further contributes to a respectful and structured environment for individuals dealing with significant financial matters.

As a Standing Chapter 13 Trustee, Tim Truman's office provides a range of statutory and administrative services crucial to the successful operation of Chapter 13 bankruptcy cases. It's important to reiterate that the Trustee's office does not provide legal advice to individual debtors; that role belongs to a debtor's private attorney. Instead, their services are focused on the efficient and equitable administration of repayment plans and compliance with the Bankruptcy Code. Key services and responsibilities include:

• Plan Review and Objection: Reviewing the debtor's proposed Chapter 13 repayment plan to ensure it meets all legal requirements and is feasible. If deficiencies are found, the Trustee may file an objection to the plan, which the debtor's attorney then addresses.

• Meeting of Creditors (341 Meeting): Presiding over the Section 341 Meeting of Creditors, where debtors answer questions under oath about their financial situation and proposed plan. This meeting is a mandatory step in the bankruptcy process.

• Payment Collection and Distribution: Collecting monthly plan payments from debtors and distributing those funds to creditors according to the confirmed repayment plan. This includes tracking payments, maintaining accurate records, and issuing disbursements.

• Monitoring Plan Compliance: Continuously monitoring the debtor's adherence to the confirmed plan, including timely payments, filing of tax returns, and reporting changes in financial circumstances. If a debtor fails to comply, the Trustee may file a motion to dismiss or convert the case.

• Reporting to the Court: Providing regular reports to the bankruptcy court on the status of cases and any issues that arise during the administration of the plans.

• Financial Management Course: While the Trustee's office does not provide legal advice, they often facilitate or provide resources for mandatory financial management courses that debtors must complete before receiving a discharge of their debts.

• Information and Resources: Offering general information and access to forms and resources for debtors, attorneys, and creditors through their website and office staff, helping clarify the Chapter 13 process.

Tim Truman's office, as a Standing Chapter 13 Trustee, exhibits several key features and highlights that contribute to its effectiveness and reputation within the bankruptcy system in Fort Worth, Texas:

• Long-Standing Experience: Tim Truman has served as a Standing Chapter 13 Trustee for Fort Worth since October 1979, bringing decades of experience and stability to the administration of bankruptcy cases in the Northern District of Texas. This long tenure signifies deep institutional knowledge and a refined process.

• Extensive Professional Involvement: Mr. Truman's leadership extends beyond his role as Trustee. He is a past president of the National Association of Chapter Thirteen Trustees, the Tarrant County Bar Association, and the Tarrant County Bankruptcy Bar, demonstrating his commitment to the legal community and the improvement of bankruptcy administration.

• Commitment to Debtor Education: The office actively supports debtor education, including offering free financial management courses, which are crucial for debtors to successfully complete their plans and avoid future financial distress. This proactive approach helps debtors develop better financial skills.

• Operational Efficiency: The office is structured to handle a high volume of cases with efficiency, utilizing systems for payment collection, distribution, and case monitoring. Their online resources, such as the 13Network portal, provide convenient access to case information for debtors and attorneys.

• Focus on Compliance and Integrity: The core function of the Trustee is to ensure that Chapter 13 plans are administered fairly, ethically, and in full compliance with the U.S. Bankruptcy Code, protecting the interests of both debtors and creditors.

• Accessibility for Stakeholders: While the Trustee cannot provide legal advice, their staff is generally available to answer non-legal questions and guide individuals through administrative aspects of their Chapter 13 case, facilitating communication and understanding.

As a Standing Chapter 13 Trustee, Tim Truman's office operates as an administrative arm of the U.S. Bankruptcy Court and does not typically offer "promotions" or "special offers" in the commercial sense. Their service is a statutorily defined role within the bankruptcy process, and their fees are set by federal law, paid out of the bankruptcy estate as part of the confirmed plan.

However, it is important for locals in Texas considering Chapter 13 bankruptcy to understand the key benefits and facilitations provided by the Trustee's office, which can be seen as inherent advantages:

• Standardized Process: The Trustee ensures a consistent and fair process for all parties involved in a Chapter 13 case, adhering strictly to the Bankruptcy Code and court orders. This provides a clear framework for debtors to repay their debts.

• Facilitation of Payments: The Trustee's office acts as a central hub for collecting payments from debtors and distributing them to creditors. This simplifies the process for debtors, who only need to make one consolidated payment to the Trustee rather than managing individual payments to numerous creditors.

• Free Financial Management Course: As noted in the "Features/Highlights," the Trustee's office provides access to or information about the mandatory financial management course, which is often offered free of charge. This is a significant benefit that helps debtors rebuild their financial literacy without additional cost.

• Information Accessibility: While not a "promotion," the availability of online resources and responsive staff to answer administrative questions (not legal advice) can significantly ease the burden on debtors and their attorneys, making the complex process more manageable.

For specific inquiries about the administrative aspects of a Chapter 13 case or general information about the Trustee's role, individuals should contact the office directly. However, for legal advice or to file a Chapter 13 bankruptcy, consulting with a qualified bankruptcy attorney in Fort Worth, TX, is always the essential first step.

To connect with the office of Tim Truman Standing Chapter 13 Trustee for administrative inquiries related to Chapter 13 bankruptcy cases, please use the following contact information:

• Address: 501 W 10th St, Fort Worth, TX 76102, USA

• Phone: (817) 770-8500

• Mobile Phone: +1 817-770-8500

• Website: For more detailed information, forms, and online case access, debtors and attorneys often use the 13Network portal specific to Tim Truman's Fort Worth office. Searching for "Tim Truman Chapter 13 Trustee Fort Worth 13Network" will typically lead you to this resource.

It is important to note that while this office handles the administrative duties of Chapter 13 cases, any legal questions regarding your bankruptcy filing, plan, or specific financial situation should always be directed to your bankruptcy attorney.

For locals in Fort Worth, Texas, Tim Truman Standing Chapter 13 Trustee is an indispensable component of the bankruptcy system, offering crucial administrative oversight for individuals pursuing Chapter 13 debt restructuring. While not a law firm providing direct legal counsel to debtors, the efficiency, experience, and established processes of this office are invaluable to anyone navigating the complexities of Chapter 13 bankruptcy in the Northern District of Texas. The decades of experience Tim Truman brings to this role, coupled with his extensive involvement in the national and local bankruptcy communities, ensure a well-managed and consistent approach to case administration.

The office's central Fort Worth location enhances accessibility for local residents, reducing logistical barriers for attending required meetings and interacting with the Trustee's staff. Furthermore, their commitment to providing resources and facilitating financial management education underscores their dedication to helping Texans not only complete their bankruptcy plans but also build a more stable financial future. For those in Fort Worth working towards a fresh start through Chapter 13, the presence of a professional and established Standing Trustee like Tim Truman ensures that the administrative backbone of their bankruptcy journey is robust and reliable, providing the necessary framework for successful debt reorganization.