Declaring bankruptcy can trigger a wave of tension and an overwhelming sense of uncertainty. One of the most intimidating aspects of the process is the meeting of creditors. Can you skip this meeting and still achieve debt relief?
Skipping the meeting of creditors is generally not a viable option
The meeting of creditors is a required part of the bankruptcy process that usually takes place about 20 to 40 days after you file your petition. It serves several important purposes:
- Allows the trustee to confirm your identity and validate your sworn statements
- Gives creditors the chance to inquire about your financial situation
- Helps the trustee determine if you have any non-exempt assets
- Ensures the accuracy of your bankruptcy petition and schedules
In general, you must attend the meeting of creditors. Skipping this crucial step can have serious consequences. The bankruptcy court may dismiss your case without discharge, issue a warrant for your arrest or deny you the opportunity to refile for bankruptcy for 180 days.
There are rare instances in which the court might excuse your absence, such as severe illness or hospitalization, military deployment or incarceration. If you find yourself in one of these situations, you must promptly notify your bankruptcy trustee. They can help you request a continuance or alternative arrangements.
Do not risk your financial future
If you plan to file for bankruptcy, it is best to seek counsel from an experienced attorney. Your attorney help you get ready for the questions you may encounter, ensure all your paperwork is accurate and complete, advise you on your rights and obligations and represent your interests throughout the bankruptcy proceedings.
