The Creditors Meeting

Roughly 7 days after you file your petition, you (and all the individuals you list in your bankruptcy documents) will receive a notification that a "meeting of creditors" has been scheduled. The assigned bankruptcy trustee runs the hearing and, after swearing you in, will ask you questions about your assets and your papers you submitted. Your bankruptcy lawyer will be at that hearing with you. In the large majority of Chapter 7 bankruptcies, this is your only visit to the courthouse.

For more information on our services and to speak with an attorney, feel free to call our Grand Rapids' office at (616) 920-0555.

Can I Sell My Car or other Property before Bankruptcy?

The short answer is that you can.  However, it has to be a real sale and the sale has to be disclosed.  If you sell your motorcycle to your brother from Holland for $100.00 he will have to give it back.  He might even get sued and have a legal bill.  Talk to a Bankruptcy Attorney before making any sales if you are thinking about filing Bankruptcy.  It might be that you could keep the property in a Chapter 7 Bankruptcy or Chapter 13 Repayment Plan anyway.