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Bankruptcy Parties: Debtor, Creditor, Trustee & Judge Explained | The Bankruptcy Files

Published on: 8th June, 2026

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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About the Podcast

The Bankruptcy Files
The Bankruptcy Files is a smart, compassionate podcast about debt, money, and second chances—hosted by South Carolina attorney Lauren Clark. Each episode breaks down what bankruptcy really looks like, busts common myths, and explains the process in plain English so people can feel informed instead of ashamed. Lauren explores the topics that matter most: what to expect, what’s true (and what isn’t), and why bankruptcy is a fresh start—not a failure. Episodes include attorney interviews, reactions to public Reddit posts and online questions, real-world scenarios, and conversations about how bankruptcy and debt appear in pop culture—from celebrity filings to reality TV. The Bankruptcy Files is for anyone who feels overwhelmed by debt, curious about bankruptcy, or simply wants to understand how the system actually works—without judgment or jargon. For educational and empowerment purposes only. Not legal advice.

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Lauren Clark