creditors Meeting

The Creditors Meeting – All That You Need To Know!

The creditors meeting or the 341 hearing indicates the commencement of the case. This is mandated by the United States Bankruptcy Court for the specific states and is scheduled 30 days after the bankruptcy filing. The date and the time for this meeting of creditors along with the debtor is notified within a couple of weeks of filing. Here’s how you need to plan for the meeting as a debtor – The meeting generally happens over a span of 2-3 hours. Also, take into account the travel time needed to reach the court There is no imperative dress code needed to bead hered to or to dress up fancily Getting through the [...]