• How To Prepare For Your Bankruptcy Meeting Of Creditors

    Are you filing for Chapter 13 bankruptcy, and will soon be holding your meeting of creditors, also known as the 341 meeting? If so, you'll want to know the following tips to be well prepared. Review Your Budget It's crucial that you review your budget, which is known as schedules I and J. This lists the amount you receive and spend as part of your budget. You are going to be asked a lot of questions regarding what your expenses are, such as how much you pay for your home utilities or how much you spend on child care.
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  • What Does It Mean To Reaffirm Your Debts In A Chapter 7 Bankruptcy Case?

    When you sign the forms to file a Chapter 7 case, your attorney sends your case to the local bankruptcy court. Once there, the court appoints a trustee to manage it. The trustee plays a critical role in the case, but you might have a few things to do, too. One thing your attorney might recommend is reaffirming your debts. What does this mean, and should you do it? While not everyone needs to go through this process in a Chapter 7 case, some people do.
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