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Only those creditors you list in petition will be notified with respect to your filing for bankruptcy. In about 30 days from your filing date, you will be scheduled for a first meeting of creditors (called a section 341 meeting). At that meeting, bankruptcy trustee (the person from court) will ask you some questions. The trustee is interested in discovering whether you have any property or assets available for benefit of your creditors. By law, you are allowed to keep certain property and trustee's questions are very straightforward and not at all intimidating. When trustee is finished, your creditors are given an opportunity to speak. If none of your creditors appear then an additional 60 days is set for anyone to make any objections or file any additional papers. If nothing happens in that 60 day period, your bankruptcy will be granted and you will be relieved from all debts listed in your petition.
This article is certainly not all inclusive and is intended only as a brief explanation of legal issue presented. Not all cases are alike and it is strongly recommended that you consult an attorney if you have any questions with respect to any legal matters.
Any questions and/or comments with respect to this topic or any other topic, contact:
Law Offices of Susan Chana Lask 853 Broadway, Suite 1516 New York, NY 10003 (212) 358-5762
Susan Chana Lask, Esq. c 2004
Susan Chana lask is a New york attorney named by the media as "High-Powered", she practice sin all state, appellate and federal Courts nationwide handling civil & crimnal cases.