I know I’m going to file bankruptcy and I
know I have at least one public appearance to meet with the trustee and my creditors. What’s going to happen at that point? My name is Ron Drescher. I am an attorney practicing bankruptcy and
creditor’s rights in Maryland, Delaware, Pennsylvania and Virginia. And your meeting of creditors, while it can
be a very stressful experience doesn’t have to be. Typically you’re testifying under oath about
the accuracy of the schedules, and other bankruptcy papers you have filed, and about your income
and your expenses, and your assets and your debts. The whole process in a typical Chapter 7 case
takes about 10 or 15 minutes. It is in public. There will be people in the gallery. You shouldn’t pay attention to them, and make
sure you have your photo ID and your original Social Security card with you at that meeting,
because if you don’t, the trustee won’t have. In a typical Chapter 13 case you doing all
the stuff that you did in the Chapter 7 meeting of creditors, or meeting with the trustee,
but they’re also going to talk to you about your plan and about whether or not you can
satisfy the obligations that you are promising to make under your Chapter 13 plan. Typically in a Chapter 13 case the trustee
is gonna talk about amendments to your plan or amendments to your schedules, or maybe
the trustee will want more documents. You shouldn’t be upset if that happens in
your Chapter 13 case. Now, they call it the meeting of creditors. I call it the meeting with the trustee because,
although creditors are given notice of the date time and place of the meeting they almost
never show up unless they’re usually somebody who you know. So that is not typically an experience you’re
going to have at your meeting with the trustee. My name is Ron Drescher. I am an attorney practicing bankruptcy and
creditor’s rights and if you are concerned about what’s going to happen at your meeting
with the trustee, please pick up the phone and call me. I would love to hear from you.