What Will Happen At Your Meeting of Creditors in Your Chapter 13 Bankruptcy?

: Reese Baker & Associates

  Filed under: Filing bankruptcy

attorney, attorneys, lawyer, lawyers, bankruptcy, texas,TX, debt,While there are many parts of your bankruptcy that are going to be concerning about, probably the one that you fear the most is the meeting of your creditors that must take place. This is a meeting that you must attend, however it does not have to be as nerve-racking as you think, especially if you have chosen a qualified bankruptcy attorney to assist you.

During this meeting your creditors will have a chance to ask you a variety of different questions. Usually the questions are quite basic and your attorney will help you to prepare for them. While you are probably dreading this for days before the meeting actually takes place, the meeting itself usually doesn’t last for any longer than 15 minutes or so. However, this will depend on how complex your bankruptcy case is.

You will need to take your ID and your Social Security card with you and this will be presented to the trustee. This is imperative to have because if you don’t then the meeting will be adjourned. The meeting will be taped and you will have to produce your information under oath.

Then a series of questions will be presented to you and at this time the trustee will also look at your list of expenses and will put forth any questions that he or she may have. Also your pay stubs may be compared to your paperwork that you provided and your income tax returns will be scrutinized. Your attorney will be present with you so you won’t be alone during this short meeting.