Sounds scary doesn't it? You have been summoned to a 341 meeting with your creditors. Don't sweat it.
You will go in to a court room, with trustee(s) and your lawyer sitting at a table. Creditors will be there and can ask the trustee(s) and lawyer questions in an open format.
In 98% of the consumer bankruptcy cases, the creditors won’t do as thing. You will just sit there. The trustee may ask a question or two, like, “Will you reaffirm any debt?” You will have already discussed this with your lawyer. There will be no big surprises. It’s really boring. It will take your whole day. Be zero concerned about it.
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Added to http://www.be-debt-free.info/ on May 25, 2008.
Article reprinted with permission from
http://www.daveramsey.com.