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All Chapter 7 cases require the appointment of an interim trustee,
also commonly known as a Chapter 7 trustee. The trustee is responsible
for reviewing legal compliance, reporting results to the court, and
objecting to discharge in appropriate circumstances. One of the primary
focuses in of the trustee in Chapter 7 cases relates to the review of
exemptions. If non exempt assets are discovered, of significant value,
the trustee must liquidate assets for distribution.
The term interim is applied to the first trustee because of the
potential to be replaced by a vote of the creditors during the 341
meeting.
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