Is There A Court Date Involved In A Missouri Or Illinois Chapter 13 Bankruptcy?

Yes, and the meeting is called a creditors' or 341 meeting

. This mandatory meeting allows the Trustee to pose any questions he or she has about your filed documents and your assets, expenses, income, and liabilities. The creditors' meeting is one of the most vital parts of your bankruptcy case.

While you may be imagining a scenario with your creditors bombarding you with questions, that isn't the reality of the meeting. Almost never do your creditors even come to the meeting. Most creditors know that, unless there is fraud involved, they no longer have control of that debt. That is just one example of how powerful the bankruptcy laws are.

You will, though, have to answer any questions posed by the Trustee. Nonetheless, your court experience for your Missouri or Illinois Chapter 13 can be much smoother and easier if your bankruptcy attorney comes with you. A really great and experienced banrkuptcy attorney will have enough knowledge to prepare you for any questions that will be asked and the actual meeting itself with the Trustee.

Just remember, this isn't a meeting you want to miss. If you miss your first 341 meeting, your case can only be saved from the chopping block if your attorney gets it continued. If you don't attend your second meeting, however, there is no saving your case. You won't be able to re-file again for 6 months.

That means it could be another six months before you can get protection from foreclosure, credit card debt help, and relief from your creditors. Can you imagine spending another 6 months in debt when you were so close to getting relief for you and your family?

Make sure your St. Louis or Wentzville Missouri attorney has a system in place to notify you of the original meeting or of any rescheduling. As you can see, missing your 341 meeting could mean the end of your case.

If you've bravely filed on your own for Chapter 13 bankruptcy protection, you will have to answer the trustee's questions and participate in the meeting by yourself. Most who file by themselves find this to be one of the most unpleasant parts of their bankruptcy. If you haven't hired a bankruptcy attorney at a St. Louis law firm, do your best to prepare yourself by researching the process and making sure your schedules and means test are accurate.

Where should you look to start your research? Start with free information from reputable attorneys in your area.

by: Jim Brown

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