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Bankruptcy Parties: Debtor, Creditor, Trustee & Judge Explained | The Bankruptcy Files
8th June 2026 • The Bankruptcy Files • Lauren Clark
00:00:00 00:28:31

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Who are the parties in a bankruptcy case, and what does each one actually do? In this episode of The Bankruptcy Files, bankruptcy attorney Lauren Clark and paralegal Dee break down every party you'll encounter when filing: the debtor, co-debtor, creditor, trustee, and judge. If you've ever wondered who's in charge, who holds the meeting, or what a trustee is in a bankruptcy case, this one's for you.

Plus, the episode opens with a quick Murdaugh case update recorded live from Edisto Beach, including why the "financial motive" theory around Maggie Murdaugh's assets may never have made sense from a creditor-collection standpoint. And in the "Ask Lauren Lawyer" segment, Dee brings one of the most common intake questions: why does a spouse's income matter if they're not filing?

Whether you're considering bankruptcy, or just a numbers nerd like we are, this is a plain-English breakdown you can actually follow.

⚠️ This podcast is for informational and entertainment purposes only. Nothing here is legal advice. Consult a licensed bankruptcy attorney in your jurisdiction.

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