What Can Go Wrong at the Meeting of Creditors?
When it comes to filing for bankruptcy, one of the most important steps is attending a meeting of creditors. During this meeting, the debtor will have their finances assessed and be asked questions about how they intend to manage their debt. However, if not handled properly, there are several things that can go wrong at the meeting of creditors.
First off, it’s important to remember that the court-appointed trustee presiding over the hearing has sole discretion when it comes to approving or denying a bankruptcy case. If they don’t feel as though all information has been provided or if they think something is amiss with your financial situation, they could deny your claim and you would have to start over from square one. Additionally, failure to attend these meetings or provide supporting documents can also lead them to dismiss your application right away.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you can find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706