How are creditors notified that I have filed bankruptcy?

Full question:

How are creditors notified that I have filed bankruptcy?

Answer:

After a debtor has filed for bankruptcy protection, creditors are notified of the filing and the existence of the automatic stay by the bankruptcy court. Creditors will be given information regarding the 341 meeting, as well as deadlines for filing proofs of claim.

The hearing is not presided over by a judge but an administrator. Creditors will be allowed to ask a few questions but more detailed interrogations are not permitted and must be reserved for discovery or a hearing presided over by a judge.

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.