Not every bankruptcy case has a trustee. In
chapter 7 bankruptcy, a trustee is appointed to oversee the liquidation of the non-exempt
assets, turning them into cash and paying on a pro-rated basis. In chapter 13 bankruptcy,
there’s a trustee who collects monthly payments and pays your creditors on a monthly basis.
In a chapter 11 bankruptcy, there is no trustee unless one is appointed by the court upon
noticing hearing by the court. Typically, 90-95% of the time, there is no trustee in
a chapter 11. The debtor or person found in the chapter 11 and their professionals, such
as their accountant and their attorney, are the ones that administer the chapter 11 case.