Bankruptcy Meeting of Creditors: No Need to Worry

We are bankruptcy attorneys located in Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 Bankruptcy filings.

DO YOU HAVE TO GO TO COURT FOR BANKRUPTCY?

This is one of the most commonly asked questions that we receive in our office, will I have to go to court and appear before a Judge?  In most bankruptcy cases the answer is yes, but not in front of a Judge before a trustee at a meeting called the “meeting of creditors”.  The primary purpose of this meeting is to give the bankruptcy trustee the opportunity to review your petition and have you confirm under oath the information you provided in your schedules.

Knowing what to expect at the hearing can make the process go smoother and help to ease that feeling of anxiety.

 

WHO WILL ATTEND THE MEETING OF CREDITORS?

Usually, the only people attending the meeting of creditors are the trustee, your attorney and you.  Many people are worried that their creditors will come to this hearing and harass them.  Although your creditors will get notice of your meeting of creditors they usually do not attend.  If they happen to appear your attorney will be with you to make sure they do not do anything inappropriate.

THE SETTING

For Chapter 7 and Chapter 13 debtors living in Hamilton County, Clermont County, Brown County, Highland County and Butler County, Ohio their meeting of creditors will be held in downtown Cincinnati.  For debtors living in northern counties such as Warren County will have their meeting of creditors in Dayton.  The setting is an open format where you will set with your attorney at a table across from the trustee.  Other debtors may be in the room and able to hear your testimony, but do not worry about that, they are all going through the same as you and will not judge.

This meeting is less formal than going in front of a Judge.  You will want to dress nice, but a suit and tie are not required.

HOW THE MEETING OF CREDITORS WORKS

At the beginning of the meeting the trustee will swear or affirm you in under oath.  He will then ask to see your drivers licence and social security card, you should have these out and ready before the meeting begins.  He will then ask you a series of questions related to the information that you provided in your petition, schedules and other documentation.  It is very important to understand that the trustee will never try to trick you.  Please keep in mind that just because they ask a certain questions does not mean anything is wrong.  He will ask you questions to verify what you have on the schedules is accurate.  Of course if anything in your circumstances had changed you would need to let the trustee know of this.  Remember, your attorney will be with you.

AFTER THE MEETING OF CREDITORS

 

After your meeting of creditors you will need to complete a second credit counseling session.  Once that is complete you are basically done with what you need to do and will at that point just be waiting for your discharge.  Your discharge is typically issued approximately 120 days after your case is filed.  You are then debt free and able to start your fresh financial life.

MORE INFORMATION

For more information check out our website at www.middletown-bankruptcy.com

FREE CONSULTATION

Contact your MIddletown, Ohio bankruptcy attorney today for your free consultation today.  We offer a free consultation, fair fees and monthly payment plans.