What happens after bankruptcy meeting of creditors?

Your creditors have 60 days from the date of your initial meeting of creditors to object to your discharge. If no creditors object and you've completed all other requirements (such as filing your certificate of debtor education), then you'll receive your discharge after the deadline for filing objections passes.

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Tennessee Middle District Bankruptcy Guide and Forms Package for...

Tennessee Middle District Bankruptcy Guide and Forms Package for Chapters 7 or 13

Name: Tennessee Middle District Bankruptcy Guide and Forms Package for Chapters 7 or 13
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (206 reviews)

Category:

Tennessee Bankruptcy

State:

Tennessee

Control #:

TN-BANKR-2

Format:

Instant download

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Uniquely packaged forms and information for Chapter 7 or 13 bankruptcies, including detailed instructions and other resources. Click and view the Free Preview for the latest revision dates and a complete overview of contents.

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FAQ

When you file for Chapter 7 or Chapter 13 bankruptcy, the automatic stay immediately goes into effect. The automatic stay prohibits most creditors from continuing with collection activities, which can provide welcome relief to debtors as well the opportunity to regroup during bankruptcy.

If the court grants a creditor or trustee's objection to a debt discharge, you'll remain responsible for paying the debt.Interested parties such as creditors or the trustee still have time to object to your bankruptcy discharge after your initial hearing.

In most cases, creditors rarely appear at the meeting of creditors. The meeting of creditors (also called the 341 hearing) is a mandatory hearing almost all bankruptcy debtors must attend.But in most cases, creditors rarely attend 341 hearings.

Assuming that everything goes according to schedule, you can expect to receive your bankruptcy discharge (the court order that wipes out your debts) about 60 days after your 341 meeting of creditors hearing, plus a few days for mailing.

The Chapter 7 meeting of creditors (also called the 341 hearing) is a meeting at which the bankruptcy trustee and your creditors get to ask you questions under oath about your bankruptcy petition and the documents you're required to provide the trustee.

Your creditors have 60 days from the date of your initial meeting of creditors to object to your discharge. If no creditors object and you've completed all other requirements (such as filing your certificate of debtor education), then you'll receive your discharge after the deadline for filing objections passes.

The automatic stay goes into effect for only 30 days after you file bankruptcy. Two or more previous bankruptcy cases dismissed within the past year.

In this case, the automatic stay will last only 30 days unless you, your case trustee, the U.S. trustee, or your creditor request that the stay remain in effect, and you can prove good faith (e.g., you followed all bankruptcy rules and did not commit fraud) in your most recent filing.

Make nonexempt property available to the trustee. Handle any reaffirmed debts. If you have debts that won't be affected by your bankruptcy filing, such as back taxes or child support obligations, you should continue making payments on those debts. Wait for creditors to file challenges.

Tennessee Middle District Bankruptcy Guide and Forms Package for Chapters 7 or 13

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FAQ

Is there an automatic stay in Chapter 7?

What happens if a creditor objects to discharge?

Do creditors show up at 341 Meeting?

How long does it take to get a discharge after 341 meeting?

What happens at a meeting of creditors for Chapter 7?

What happens after bankruptcy meeting of creditors?

How long does the automatic stay remain in effect Chapter 7?

How long does automatic stay last in Chapter 7?

What can you not do after 341 meeting?

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Tennessee Middle District Bankruptcy Guide and Forms Package for Chapters 7 or 13

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