MEETING OF CREDITORS
\mˈiːtɪŋ ɒv kɹˈɛdɪtəz], \mˈiːtɪŋ ɒv kɹˈɛdɪtəz], \m_ˈiː_t_ɪ_ŋ ɒ_v k_ɹ_ˈɛ_d_ɪ_t_ə_z]\
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A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.
By Oddity Software
