Meeting with Creditors – Know Who Else Will Be There
You may want to keep your bankruptcy filing confidential and avoid other involvement in it, but you can’t avoid a meeting with your creditors. Know about the meeting so that you can get a better idea to deal with it.
First of all, make sure that an experienced bankruptcy lawyer is handling your case. Bankruptcy involves a lot of formalities and documentation which you cannot handle on your own. The creditors may keep on harassing you though it is not legal after filing bankruptcy. If you hire a lawyer to get your back in this situation, you can stay calm and tension-free. Also, if you don’t know how to file bankruptcy and you live in Oklahoma, you can come to us at Chris Mudd and Associates. Our experienced lawyers will help you file the documents, attend meetings and learn more about bankruptcy.
About the Meeting with the Creditors
Once you file for bankruptcy, you will have to appear in several hearings for the financial information about you. Meeting with the creditors is arranged for the creditors to submit the evidence and claim the amount. They may claim a larger amount and it is possible to get involved in an argument. The lawyer will stand by your side and help you combat the situation tactfully.
The Participants of the Meeting
You need to know who will attend the meeting along with you so that you can be prepared beforehand.
Your lawyer can attend all the hearings on your behalf, but you have to attend the meeting with the creditors. The court may allow you to attend the meeting over the phone, but under certain circumstances. In the meeting, you will have to be in there and answer the question from the trustee and creditors. Your lawyer will be there with you to help you with the documents.
An trustee is an official who is appointed to oversee your case. They will review all your financial information, the submitted documents on bankruptcy and the information from the creditors. They will tally all the documents and confirm your debts.
There will be your lawyer, of course. For all the processes, you will need his or her support to overcome the situation.
Your creditors will be there. The creditors are invited to the meeting, but mostly they don’t attend it. Only those who want to challenge your bankruptcy may appear in the meeting.
If you consider bankruptcy filing for the unpaid debts you have, you should consult the bankruptcy lawyer, even if you know how to file bankruptcy in Oklahoma. our lawyers in Chris Mudd Associates are specialized in dealing with such cases. Come to us and find the most useful help.