Understanding Bankruptcy Proceedings: Who Is Present at the Meeting of the Creditors?

Understanding Bankruptcy Proceedings: Who Is Present at the Meeting of the Creditors?

February 25, 2020

When you file for bankruptcy, you will have to make appearances in court for various hearings and procedures. As much as we’d all love for the process to be over privately and quickly, there will be times where your presence is required. One of these times is the meeting of the creditors.

The meeting of the creditors happens in every bankruptcy case—it’s an opportunity for the court to review your finances while creditors show evidence of your debt. They will also have the opportunity to challenge your assertions and argue that your debt should not be discharged (after all, they would like to be paid in full).

If you’ve filed for bankruptcy, chances are you’ve got an attorney at law in Montgomery County, TX working for you. They’ll also be present at the meeting of the creditors to present your case and make arguments on your behalf.

Who will be present?

You and your attorney are required to attend the meeting, even if you haven’t had to show up to any proceedings thus far. Depending on circumstances, you might be allowed to telecommute to the meeting by phone or video chat. While your attorney is present and will prepare you beforehand, it will be you answering the questions from the creditors and trustee.

The trustee—the person who was assigned to oversee your case—will also be at this meeting to oversee the proceedings. They will be familiar with your case (and will likely be familiar with your attorney as well), having reviewed all of your financial information. The trustee may be the only other person present if creditors decide not to attend.

Speaking of creditors, you might be surprised to hear that they may not even show up. This is because bankruptcies are so common that creditors typically do not take the time and expense to attend, unless they want to specifically challenge all or part of your case. That doesn’t mean that you’re off the hook, however—it just means that they trust the trustee to oversee the case on their behalf.

Don’t take on a bankruptcy case alone—reach out to an experienced bankruptcy attorney at law in Montgomery Count, TX as soon as possible. They can help you navigate the rules, regulations and hearings that bankruptcy requires. With their help, you should be able to develop a plan to successfully handle your meeting of the creditors.

Attorney at law in Montgomery County, TX

Debt can pile up before you realize it. If you’re buried under a mountain of loans and fielding harassing calls from creditors, it may be time to consider filing for bankruptcy. You may be able to get your debts discharged or significantly reduced. When you need a bankruptcy attorney in Montgomery County, TX, call James R. Jones, Attorney at Law. Our firm specializes in Chapter 7 bankruptcy and is licensed in all applicable state and federal courts. We’ll be able to handle your case quickly, fairly and compassionately. Call us today for a free 30-minute consultation.

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