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STANDING
TRUSTEE PLEDGE OF EXCELLENCE
Standing Trustees are committed to
excellence and to providing a high level of trust and service to chapter 13
debtors and creditors. Creditors, debtors, attorneys, judges and others who come
into contact with Standing Trustees are entitled to service which adheres to the
highest standards of professional, moral and ethical conduct.
- The trustee's office should be
open and operating Monday through Friday during regular business hours.
- The trustee should have a
system in place to promptly respond in a meaningful manner to inquiries from
debtors, creditors, attorneys, and other interested parties.
- If the trustee is not
personally available, the trustee should have competent staff available to
assist or to respond to inquiries.
- The trustee should work to
ensure that debtors comply with their obligations under the Bankruptcy Code
and Rules.
- The trustee should work to
ensure that debtors comply with the provisions of their plan and should take
appropriate action if the debtor fails to commence plan payments when
required or if there is a subsequent default in plan performance.
- The trustee should maintain a
system which efficiently tracks the progress and the receipts and
disbursements in every chapter 13 case, from the time it is filed until the
case is closed.
- The trustee should have a
system to timely and accurately record all receipts and disbursements on the
appropriate debtor ledger.
- The trustee should disburse
plan payments to creditors on a monthly basis, and should have procedures in
place to properly classify and pay creditors' claims and to detect and
recover any erroneous payments.
- The trustee should ensure that
all trust account ledgers and accounts are balanced on a monthly basis and
should have a procedure to regularly review all cases with significantly
large balances on hand or other fund irregularities.
- The trustee should maintain a
reasonably comprehensive system of internal controls over accounting and
office operations, both paper and electronic, to safeguard estate assets and
trust funds.
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