What is a meeting of creditors and what happens there?
The meeting of creditors is conducted by the Chapter 7 trustee. The debtor is examined under oath concerning his assets and debts. Creditors who choose to attend the meeting, either in person or through their attorney, can ask questions relevant to the case. As a practical matter, creditors rarely attend the meeting of creditors. The average meeting of creditors lasts about three to five minutes and is held approximately 40 days after the Chapter 7 bankruptcy petition is filed. It is mandatory for all debtors to attend the meeting of creditors. Your attorney will accompany you to the meeting.
