Tag: creditors meeting
Bankruptcy Basics: Chapter 7, Chapter 13
There are two basic types of consumer bankruptcy, Chapter 7 and Chapter 13. Chapter 7 cancels or “discharges” many types of debt. Most credit card, medical, and other unsecured debts are discharged, as are most court judgments and loans. Many filers find all of their debts discharged. Debts not discharged […]
What Will The Bankruptcy Trustee Ask at the Creditors Meeting
A bankruptcy trustee is assigned to each petition filed in the bankruptcy court. The trustee conducts a creditors meeting approximately 30 days after Chapter 7 or 13 bankruptcy petitions are filed. But, despite the name, creditors often don’t show up. More important is preparing for questions by the trustee. Take your driver’s license or other government issued photo ID […]
