Soon after you file, a creditors conference is planned during the courthouse.

Soon after you file, a creditors conference is planned during the courthouse.

The trustee conducts the conference, asking questions about debts therefore the documents you filed for bankruptcy. It’s usually the courthouse that is only for the Chapter 7 bankruptcy. A repayment plan is set up and a creditors’ meetings scheduled if you’re doing a Chapter 13 bankruptcy. On the next years that are few you are going to report to the trustee, often every six months.

You will need to finish a court mandated and authorized spending plan administration training program before your financial situation may be released check my source.Continue reading