Chapter 7 Bankruptcy Timeline
A chapter 7 bankruptcy usually lasts a certain number of months from start to finish, if there are no issues. In many cases the greatest cause for delay is the client. Although many clients are timely in their responses to our questions and requests for documents, some tathan inordinate amount of time to get the information to us. However once, we have all of their information a bankruptcy petition can be filed in a matter of days. After a bankruptcy petition is filed, the debtor is required to attend the Meeting of Creditors (aka the 341a meeting) approximately one month thereafter.
What Is The Meeting of Creditors?
The Meeting of Creditors also known as the 341(a) Meeting is a meeting that is required in every bankruptcy case and occurs approximately 1 month after you file. Every person that files for bankruptcy is required to attend. Although your bankruptcy attorney will likely accompany you to the meeting, your bankruptcy attorney is not allowed to attend on your behalf. You must show up at the creditors meeting. The meeting of creditors usually takes around 10 minutes. You are required to bring your driver's license and proof of your social security number (usually social security card). And you are required