Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can creditors object to a bankruptcy filing?

April 26, 2017Bankruptcy Creditors filing object

0

Posted

Can creditors object to a bankruptcy filing?

1 Answer

0

Posted

Yes. After you fill out the necessary documents and hold the 341 meeting, creditors have up to 60 days to determine if they would like to discharge each individual debt. If they all agree to discharge, the bankruptcy is granted. If they object, a trial is held and an agreement is reached that satisfies both creditors and debtors. Chapter 7 and 13 filings are completed in the same way.