Monday, December 12, 2011

DOES A BANKRUPTCY DEBTOR HAVE TO ATTEND COURT DURING THE PROCESS?

Technically no, a debtor will not have to attend court during the course of a bankruptcy proceeding, however, he or she will have to appear at a 341 Creditor's Meeting. After filing a bankruptcy petition, a 341 meeting is usually scheduled between 3 and 8 weeks out. At this meeting, the debtor will have to appear and answer questions asked by the bankruptcy trustee, who is not a judge. The job of the trustee is to look out for the interests of the credtors and ensure the petition is accurate. A debtor will be sworn in prior to any questions being asked. The 341 Creditor's Meeting usually does not take more than 10 minutes. Once the meeting is complete, the trustee will enter a decision as to whether there are assets to be distributed to creditors. To learn more contact one of our trusted bankruptcy attorneys today.

WCZ

http://www.westmontattorneys.com

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