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341 Meeting of Creditors

March 3, 2015

| 341 Meeting of Creditors, Bankruptcy, Gurdin Law

The 341 Meeting of Creditors When you file for bankruptcy, you will be required to attend a meeting called the 341 Meeting of Creditors. At the 341 Meeting of creditors you will meet with the bankruptcy trustee and your attorney. Below is a list of the documents required for the Meeting of Creditors … Documents…

Chapter 11 Bankruptcy

February 20, 2015

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| Bankruptcy, Chapter 11

The Debtor in Possession When a person or company files a chapter 11 bankruptcy, the person or company is called the debtor. The debtor may remain in possession and control of its assets and business or may transfer them to a trustee. If the debtor chooses to remain in possession and control, the debtor is…

Stayed from Collecting?

February 16, 2015

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| Asset Protection, Bankruptcy

The Automatic Stay Upon filing of a bankruptcy, certain actions of creditors are automatically stayed from collecting pre-filing claims. This stay serves two main functions: First, it allows the debtor some breathing space to see if it can reorganize and retain some or all of the assets, continue its business, stop foreclosure, or resume mortgage payments….