Texas residents who file a Chapter 13 bankruptcy sometimes wonder what would happen if they run into financial difficulties and are unable to make one of their required monthly payments on time. These payments are generally sent to a designated bankruptcy trustee who then passes the money along to the debtor's creditors, and, in these situations, payments that arrive a few days late will rarely cause many problems. However, it may be wise for debtors to find out when the bankruptcy trustee sends these payments out each month.
The Eastern District of Texas's Bankruptcy Court actually sits in Plano, Texas. There are four appointed trustees in the Sherman Division which sits in Plano for Chapter 7 bankruptcy. Christopher Moser, Linda Payne Michelle Chow and Mark Weisbart preside over the Chapter 7 First Meetings of Creditors which are referred to as 341 meetings after the corresponding Chapter in the Bankruptcy Code.