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Chapter 7 Bankruptcy
- Analyze your debt.
- Determine your property exemptions.
- Make sure you are eligible.
- Redeem or reaffirm secured debts.
- Fill out the bankruptcy forms.
- File the forms.
- Go to a meeting.
- File objections or motions if needed.
- Wind up your secured debts.
- Get your discharge.
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meeting of creditors
A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.
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