Every person who files a bankruptcy is required to attend a Meeting of Creditors. The meeting, also called a Section 341(a) meeting, is held by a Trustee. The Trustee is an individual, usually an attorney or a certfied public account, who is responsible for reviewing the debtor’s bankruptcy to see if there are any assets [...]
Meeting of Creditors
Today, December 29, 2009, was a cold and miserable day in Atlanta, Georgia. Unfortunately I had a Chapter 7 bankruptcy 341 hearing to attend at the federal courthouse in Atlanta. I bundled up the best I could, took the train to the nearest stop – about 1/2 a mile from the courthouse – and braved [...]
In bankruptcy, probably the thing that makes debtor’s the most nervous is the Meeting of Creditors. It is required by the Bankruptcy Code so that the debtor can be questioned about his assets under oath. It is conducted by a Trustee. At the end of the meeting with the Trustee will generally announce what he plans to do [...]
