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Chapter 13 bankruptcy, generally often called reorganization, is utilised to prevent an individual’s house from currently being offered off.
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Your 341 meeting is also referred to as a creditors’ Conference or Conference of creditors. It’s very likely to be limited and informal. These conferences are generally held in a courthouse Place of work although not inside the courtroom.
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The court will possibly notify you when the trustee is appointed, or even the trustee will Get hold of you directly.
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Creditors’ conferences usually go off without having a hitch, but factors can occasionally go Completely wrong. Usually, it’s when people forget their ID or evidence in their Social Security number.
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