What is the meeting of creditors and what happens?
The meeting of creditors is a scheduled meeting conducted by the Chapter 13 trustee where 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 concerning anything 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 13 bankruptcy petition is filed. It is mandatory for all debtors to attend the meeting of creditors. An attorney will accompany you to the hearing.
