Also trusteeship does NOT protect the debtor from the government attaching income tax refunds. The creditor owed the most gets the most, but all creditors are paid something at each disbursement. A person can stay in trusteeship as long as he makes his payments to the court. There is no time limit. Once money is paid into the court on a trusteeship, that money belongs to the creditors.
All money is disbursed to the creditors when a trustee account is either canceled or paid in full.
All creditors are notified of all trusteeship filings in which they are named. The creditor has the right to update the amount owed to him. This form must be signed and dated and returned to the Trusteeship Department. Also, the creditor can contact the Trusteeship Department with the debtor's Trusteeship number and find out how they are paying and the amount that is accumulated.