Meeting of Creditors Notice
Once your bankruptcy case has been filed with the courts many people wonder what happens now. After your bankruptcy case has been filed, you will receive a notice, called the Meeting of Creditors notice. It is very important that you pay close attention to this notice whether you are a Chapter 7 case or a Chapter 13 case. The meeting of creditors notice will tell you that you the date of the required hearing that you must attend. This date is generally thirty to forty-five days from the date your bankruptcy case was filed. Once you are aware of the notice, make sure to mark your calendar and be at that hearing.
If you read the Meeting of Creditors notice carefully you will find an additional date. This date does not pertain to you as a Debtor, but to the creditors. This date is called the objection deadline. This allows creditors to know when the last day to object to your plan if you are in a Chapter 13 bankruptcy or object to your discharge ability if you are in a Chapter 7 bankruptcy. If your creditors don’t object to your Chapter 13 plan, then the treatment that they receive will stay the way it was when you originally filed. In a Chapter 7 bankruptcy, if they fail to file a complaint during that time period, then the debt will be discharged and they can no longer collect that debt from you.
If you have any questions about your Meeting of Creditors Notice, please contact your attorney’s office immediately and they will be more than happy to go over the notice and explain everything to you and what everything means.
For further research, you may also review the following sites about bankruptcy:
Florida Attorney
Chicago Attorney
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