When you file a bankruptcy under either Chapter 7 or Chapter 13, the court schedules a hearing called the “meeting of creditors.” You are required to attend the meeting. The court mails notice of your bankruptcy and the meeting to all of your creditors. The meeting is conducted by the bankruptcy trustee. The trustee is not a judge but an individual appointed by the United States Trustee to oversee your case. The meeting of creditors is usually a short and simple hearing where the trustee makes sure that you understand certain consequences of filing bankruptcy and asks a few questions about your bankruptcy forms and financial situation. All creditors have the right to appear at the meeting and ask you questions about your debts, but few do. Later on in your bankruptcy case, if a creditor or the trustee files a motion or an adversary proceeding or if you choose to dispute a debt, you may have to appear before at hearings before a judge.
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Overextended? You’re Not Alone
If you’re like many Americans right now, you’re struggling just to make day-to-day ends meet. You may be thinking you’ll never get current on your debts, let alone pay them off. We want to help. From here, you can get answers to frequently asked questions about bankruptcy, review other debt-relief options, check out helpful online resources, or join a live chat group. In the end, it’s best to consult a bankruptcy attorney in your area to find out which debt-relief option is best for you. We’ll help you get a FREE 30-Minute Consultation.
Bailing Out on Bankruptcy
Bailout vs bankruptcy Recent government bailouts of private businesses have generated debate about whether the time-honored institution of bankruptcy is the appropriate mechanism for dealing with big business insolvency. Naysayers of the TARP bailouts contend that rescued businesses are candidates for bankruptcy and that bolstering them with public funds not only fails to address underlying [...]
Keep Your Home
The risk of losing a home prompts a lot of people to seek help from an attorney. Most people who file Chapter 7 or Chapter 13 bankruptcies are able to save their homes and cars from foreclosure or repossession, but there are many factors to consider. Learn more about your rights and options in a FREE 30-Minute Consultation with an experienced and local bankruptcy attorney.
Celebrity Bankruptcies
Bankruptcy for the rich and famous? You bet. Here are a few celebrity bankruptcies noted today in Parade Magazine: Mike Tyson The former world heavyweight once had an estimated worth of $300 million. But with an incredibly lavish lifestyle — including pet tigers, a custom-built Bentley, and a removable glass roof on his mansion — [...]
Bankruptcy Is the Answer for Many
The last resort You can’t make your mortgage payment. Or you’ve lost your job and are faced with a mountain of credit card debt. Either way, you’re a casualty in the nation’s economic avalanche and you find yourself contemplating the last resort — bankruptcy. Bankruptcy is a choice more and more Americans are willing to [...]
Put an End to Creditor Harassment
Being harassed by creditors and their collection agencies is one of the worst things about having financial problems. They call constantly. They bother you at work. They call your boss. They knock on your door. They call your friends. Faced with insurmountable debt, you may feel there’s nothing you can do to stop them. But you have legal rights and remedies. To learn more, use your FREE 30-Minute Consultation. -
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