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We had our creditor meeting today. As expected, no creditors actually showed up. We sat with our attorney and the trustee for about two minutes and answered a few quick questions and were done! :)

However, now that my husband has lost his job, I kind of wish that we had never filed. With two of our creditors threatening lawsuits, we felt that we couldn't risk his wages being garnished, so that's what pushed us to do it. Now that there are no wages to garnish, it's probably not too likely that anyone would have gone ahead with lawsuits. :?

But the truth is that we still can't afford to pay everyone and don't see any way in the foreseeable future that we will be able to, so at least by filing BK we don't have the constant collection calls anymore. :D

Good for you!! I still think you did the right thing.

Sub: #1 posted on Thu, 08/21/2008 - 15:44

lmale lmale

(Posts: 742 | Credits: )

I think that you did the right thing also. It is unfortunate that this had to happen because nobody wants to go through it, I have gone through it but it something in life that we don't have control over. At least you have a fresh start. :)

Sub: #2 posted on Thu, 08/21/2008 - 16:37

ladybug ladybug

(Posts: 2757 | Credits: )

I'm glad you got through your 341 meeting of the creditors relatively unscathed. I know it's a very nerve-wracking meeting - the trustee makes statements and asks questions that make you worry that you're going to answer them wrong, and there are so many other people's a rough meeting.

But you did it! You got through it, and now you can move forward! :-)

Sub: #3 posted on Thu, 08/21/2008 - 17:07

(Posts: 4583 | Credits: )

Thanks for the encouragement, everyone! :D

Sub: #4 posted on Thu, 08/21/2008 - 17:35

alias1958 alias1958

(Posts: 1230 | Credits: )

What kind of questions were you asked. Ours is coming up in a few weeks and I am SOOO nervous! We were actually served summons by 2 of our creditors last week, with the court dates being next year (why? I have no idea). Anyhow, I am glad yours came out well.

Sub: #5 posted on Thu, 08/21/2008 - 21:55


When did you file?? The creditors serving you the summons would have been in violation of the BK stay if they served you after you filed.

Sub: #6 posted on Thu, 08/21/2008 - 23:12

Moderators Cum Industry Expert
(Posts: 17272 | Credits: )

We were just asked whether we read the petition before signing it, whether we reported all of our debts and all of our assets, whether we had transferred any property in the past two years, and why my husband operates under more than one business name (because sometimes he works for consumers, and sometimes he works as a sub for other contractors . . .). Then the trustee asked if any creditors were there, and we were done. I think it depends on the trustee. Our attorney had told us some of the possible questions that might be asked, but most of them weren't asked of us. However, our attorney did say that we got her favorite trustee, so we shouldn't expect any problems.

Good luck to you!

Sub: #7 posted on Fri, 08/22/2008 - 06:01

alias1958 alias1958

(Posts: 1230 | Credits: )

Alias, even if you don't have wages to garnish, the creditors can still attach your bank account if they get a judgement.

Sub: #8 posted on Fri, 08/22/2008 - 06:51

goudah2424 goudah2424

(Posts: 7936 | Credits: )

True, Goudah! They could also put a lien on our house (which is currently worth less than we owe on it). I just figured they might be less likely to sue if there weren't wages to get.

Sub: #9 posted on Fri, 08/22/2008 - 07:29

alias1958 alias1958

(Posts: 1230 | Credits: )


Did you file a Ch 7 or 13?

Sub: #10 posted on Sat, 08/23/2008 - 20:21

m.lm1947 m.lm1947

(Posts: 153 | Credits: )

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