About 1 month after the filing of your bankruptcy petition, you are required to attend a meeting with the bankruptcy trustee administering your case.
When your case is filed, along with a copy of the filed version of your petition, you are provided with a informational document that details the date, location and time of your creditor meeting, which should provide you with plenty of time to adjust your schedule to attend. It is very difficult to reschedule the meeting.
If you filed bankruptcy with your spouse, both of you are required to attend the meeting. If you fail to attend, your case will be dismissed.
The creditor meeting provides your bankruptcy trustee the opportunity to determine if your paperwork is accurate, if there are any non-exempt assets that the trustee could possibly sell to pay unsecured creditors, and to determine if you have committed bankruptcy fraud (i.e. – concealed assets, making false statements, etc.).
Most debtors do not have any property that the trustee can take and sell for the benefit of creditors.
Creditors usually do not appear at the meeting. Over the course of about 10 minutes, you will be asked a series of questions by the trustee. Click here to view a list of questions that the trustee is required to ask.
Also present at the meeting will be others who have filed bankruptcy who will be waiting for their case to be called.
You are required to bring your photo ID and social security card to the meeting to prove your identity. Click here to learn about other acceptable forms of ID. If you fail to bring your identification, you will be required to return and produce that documentation to the trustee.
Please arrive at the meeting room at least 30 minutes prior to your hearing time to listen to the questions that the trustee will be asking of others. You will be asked basically the same questions. While you are listening, you should answer the questions in your mind so you are ready when it’s your turn.
You are required to read a document that provides a general description of the bankruptcy law. The document is usually located on a desk in the room. The trustee will ask you if you read it.
Most of the questions require Yes/No answers. The trustee is not attempting to fool you by asking trick questions. They are required under the bankruptcy code to make inquiry of your specific case.
It is usually a good idea to complete your second (Post-Filing) credit counseling course prior to the creditor meeting.