At the Chapter 13 Meeting of Creditors you, your lawyer, & the trustee discuss your payment plan and any creditor & trustee questions. The Chapter 13 Payment Plan The core of your Chapter 13 “adjustment of debts” case is the payment plan. The plan is a detailed outline of who you will pay, how much, and when. A Chapter … Read More
In most Chapter 7 cases nobody opposes your discharge of debts. They get written off. But the trustee is one who might raise issues. Last week we discussed the role of the Chapter 7 trustee in reviewing your assets at the “meeting of creditors.” Today we get into the other main job of the trustee, to, “if advisable, oppose … Read More
Most people can file Chapter 7 and not lose anything because everything they own is “exempt.” But what if something of yours isn’t?
Chapter 7, sometimes called “straight bankruptcy,” is the simplest type of bankruptcy, yet it can also handle not-so-simple debt problems.
Almost never. You do need to attend a 5-to-10-minute meeting, accompanied by your attorney, which is usually straightforward.
What happens in and around the “Meeting of Creditors” in a Chapter 13 case?
The initial steps in a Chapter 13 case right after it is filed.
More on getting comfortable with the “straight bankruptcy” process with this story about how it works.
Most debts can be written off in bankruptcy. Collection agents who say otherwise about your debt are often wrong. Here’s how it works.
You almost never attend the “confirmation hearing,” it may take only a few minutes, but it’s crucial because there your plan gets airborne.
The “meeting of creditors” is for finding any kinks in your payment plan, and hopefully straightening them out.
In most Chapter 7 “straight bankruptcy” cases the “meeting” is short and straightforward. But you do need to take it seriously.
When you start looking into bankruptcy, you hear about different “Chapters” and “code sections.” They are all part of the Bankruptcy Code.