More About Meeting of the Creditors - Chapter 7

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Meeting of the Creditors – Chapter 7 Bankruptcy

The meeting of creditors has to be formally attended by all the debtors who have filed for bankruptcy within 30 days of the filing. Once a bankruptcy filing has been done, a law firm such as Recovery Law Group puts to work their best attorneys for formalizing the documentation needed for the bankruptcy hearing. These set of documents will be checked by the bankruptcy trustee and meticulously reviewed at the hearing of the case.

In the hearing, the bankruptcy trustee performs the verification whether the debtor really qualifies for Chapter 7 bankruptcy. Also, the status of the assets of the debtor is checked. There is nothing to worry about this scrutiny as long as all the assets have been divulged and the disclosures of all income/ transfers of the last two years prior to the filing have been shared. There is still a space for an unknown query and it is undeniable that it can get the debtors worrying.

Clients tend to get nervous and worried about these 341 hearings (meetings of the creditors). They may get assistance from professionals in the field, a team of bank attorneys will be a good find. They can brief you about the proceedings in these hearings and have you prepared. Recovery Law Group is a firm of this kind of servicing clients in Los Angeles and Dallas, TX regions. So check out their details and have the best attorney, Los Angeles on-boarded to help you with the meeting of creditors.