How are creditors informed after I file for bankruptcy?

Full question:

How are creditors notified that I have filed bankruptcy?

Answer:

After you file for bankruptcy, the bankruptcy court notifies your creditors about your filing and the automatic stay. They will receive details about the 341 meeting and deadlines for submitting proofs of claim. The 341 meeting is overseen by an administrator, not a judge. Creditors can ask some questions during this meeting, but more in-depth inquiries must wait for discovery or a judge's hearing.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Creditors are notified of a bankruptcy filing by the bankruptcy court. Once a debtor files for bankruptcy, the court sends out a notice to all listed creditors. This notice includes important information such as the automatic stay, which prevents creditors from taking collection actions, and details about the 341 meeting where creditors can ask questions.