Everyone who files for bankruptcy must appear in court one time for what is called a “meeting of creditors.”
The court will schedule the meeting of creditors for a date that is about 30-45 days after your case is filed. You will receive that notice shortly after you file your case. Although the meeting takes place at the bankruptcy court, it is not a court proceeding. It is simply a meeting presided over by a trustee who will ask you questions as may creditors who may also appear. Occasionally, the trustee will ask you to provide more documentation.
Unless you have a particularly complex case, the meeting generally takes just a few minutes. If you are represented by an attorney, your attorney will attend the meeting with you and assist you in answering any questions that you don’t understand. Having an attorney with you usually makes the process go much smoother and with less stress to you.
Here are some typical questions the trustee may ask:
If you own real estate or other valuable assets, the trustee may also ask how you arrived at the values of those assets.