What Happens In A Chapter 7 Bankruptcy Meeting Of Creditors?

After filing a bankruptcy the Court sets the date for the metting of creditors.  This Bankruptcy meeting is scheduled between 30-45 days after. A notice of the meetig is sent you and to all of the creditors. They or their counsel can ask you questions about the nature and validity of the debts at the meeting. The Trustee swears you in and asks a series of questions to  confirm all of the information provided in the bankruptcy petition.  These questions include that you listed all of your assets, debts,  income,  and expenses.  In some cases the trustee will hold the meeting open to ask you to rerieve further incormation.

Once the meeting of creditors is closed, in most cases, that is the last meeting which you will need to attend.

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