Good evening all, I am in the process of doing some due diligence and am working on a 1st NPN which is going through BK (Ch 13). File I received to date is somewhat lacking, so I was wondering if it is ok to call the trustee on the BK to get information on it? And would they be willing to provide me any information?
If you are already the owner of the note then the trustee is obliged to work with you as part of the BK process. You have an interest in the case and need answers to your questions. If you are doing due diligence as part of an acquisition, you cannot approach the trustee and they cannot provide any answers. In my experience many trustees will provide information that you are not entitled to receive - so it depends on how well they know the rules (and whether they stick to them or not)
good luck with your workout
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