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What Should You Bring to a Meeting with Creditors?

  • By Chicagoland Bankruptcy
  • •
  • 27 Jun, 2014
A debtor filing for Chapter 7 or Chapter 13 bankruptcy will eventually need to meet with creditors or a bankruptcy trustee to discuss the nature of his or her bankruptcy. While this may seem stressful, a person can generally get through this meeting smoothly with the help of a knowledgeable legal advisor in order to... Read more »
A debtor filing for Chapter 7 or Chapter 13 bankruptcy will eventually need to meet with creditors or a bankruptcy trustee to discuss the nature of his or her bankruptcy. While this may seem stressful, a person can generally get through this meeting smoothly with the help of a knowledgeable legal advisor in order to move on to the next steps of bankruptcy.
If you’re thinking about filing for bankruptcy, you may benefit greatly from the guidance and assistance of an experienced bankruptcy attorney. To learn more about how we may be able to help you throughout the Chapter 7 or Chapter 13 process, contact a Joliet bankruptcy lawyer of the Law Offices of Stuart B. Handelman at 815-722-2201.
Documents Needed for Creditor Meetings
When people begin to speak with their creditors during the Chapter 7 or Chapter 13 bankruptcy process, they will meet in what is known as a 341 hearing. These meetings are primarily used to verify the validity of the debtor’s claims for bankruptcy.
To prepare for this meeting, a person heading into bankruptcy should collect the following pieces of information:
Deeds to property
Titles on cars
Bank statements
Mortgage-related documents
Available tax returns
Pay stubs
These documents may be used by the bankruptcy trustee to determine whether a person is allowed to continue with the bankruptcy process. The individual filing for bankruptcy may also be asked a series of questions by the trustee, which can be easier to work through with the help of a legal advisor.
Contact Us
If your expenses have pushed you towards a state of insolvency, we may be able to help you prepare and file for bankruptcy. For more information about our dedicated legal services, contact the Joliet Chapter 13 lawyer or Chapter 7 lawyer of the Law Offices of Stuart B. Handelman by calling 815-722-2201 today.

Will Bankruptcy Prevent Your Foreclosure?

By Chicagoland Bankruptcy • 27 Jun, 2014
Many people filing for bankruptcy do so in the hopes of stopping their lenders from foreclosing on their homes. Bankruptcy offers some powerful legal tools to help these people protect their houses and property from being repossessed by their creditors. However, completely preventing a foreclosure is not guaranteed in all cases of bankruptcy. If your... Read more »

Who Gets Paid First?: Creditor Priority in Bankruptcy

By Nat Rosasco • 27 Jun, 2014
When a debtor files for bankruptcy, they may want to give certain creditors priority of payment. However, priority is a complicated issue in these proceedings. In many situations, a debtor will have little to no say about which creditor is given priority during repayment or after liquidation. In these situations, it is often the decision... Read more »

Why You Should Avoid Intentional Debt before Bankruptcy

By Chicagoland Bankruptcy • 27 Jun, 2014
With the help of a bankruptcy attorney, a person may be able to carefully handle their debt problems and lower or eliminate their obligations to creditors. However, this doesn’t mean that a person can intentionally rack up debt before filing for bankruptcy. If a person uses their credit cards heavily before filing for bankruptcy and... Read more »
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