What kind of rights does a Creditor(s) have?
The “Creditor” is an Individual, government agency or businesses that is owed money, either secured or unsecured; priority or non-priority. In some cases, a creditor may force the filing of a bankruptcy proceeding, although these “involuntary” proceedings are very rare. The Creditor rights include having a voice at a 341 creditor meeting. This is a meeting of creditors at which the debtor is questioned under oath by creditors, a trustee, examiner, or the United States trustee about his/her financial affairs. The District of Colorado schedules 6 dockets (cases) per 30 minute intervals. Normally these meeting run on time. Under normal circumstances the creditors rarely show. Nevertheless, if a creditor appears at your 341 Meeting, there is a limited amount of time for them to question you. Debtors have a duty to appear and testify under oath and to be questioned by the trustee at the ยง341(a) meeting. This meeting is presided over by the trustee assigned to the case and is held approximat
