The Meeting of Creditors — What will happen?

The meeting of creditors is likely the only time you will have to set foot in any sort of court room during the bankruptcy process. It is generally a chance for a court appointed trustee to examine the bankruptcy petition, ask a few questions, and determine if there are any assets available in your case to distribute to creditors. While it is called the meeting of creditors, there are very rarely any creditors who show up.

At a meeting of creditors, if we have done our job right to that point, it will be the most boring thing you do that day. On the other hand, if you have an incompetent attorney, it can be a nightmare. Clients often get frustrated at how many documents we request from them before filing, but after the meeting of creditors they will often be amazed at how quickly and smoothly their meeting went compared to everyone else’s. The reason why our meetings go so smoothly is because we are thorough, we take our time, and we make sure we get things right before we file your case.

I took the liberty to go ahead and make a short informational video showing what a typical meeting of creditors may look like. I hope you enjoy it!