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Why are most creditors a no show in BK cases?

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    Why are most creditors a no show in BK cases?

    Does anyone have insight on this.

    Thanks.

    #2
    No show as in, "filing a claim but not showing up to the hearings", or no show as in "not even bothering to file a claim"?
    Latent car nut.

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      #3
      Originally posted by shipo View Post
      No show as in, "filing a claim but not showing up to the hearings", or no show as in "not even bothering to file a claim"?
      No show, as in not showing up to the hearings.

      Thanks.

      Comment


        #4
        By "hearings", I assume you mean the 341 meeting.

        Showing up to the 341 does nothing. If a creditor has a problem with the case, he/she/it must put it in writing and file it with the Court.

        Hope that helps.

        Des.

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          #5
          As Des writes, most creditors will only file claims. Most don't care about the 341 Meeting. You know who goes to 341 Meetings? Local credit unions and family/friends that hate your guts. Outside a local bank/credit union, only jealous friends, family, and business associates go to a 341 Meeting. True creditors that have a beef with you, will file papers, demand a 2004 examination, and/or file an adversary proceeding (complaint).
          Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
          Status: (Auto) Discharged and Closed! 5/10
          Visit My BKForum Blog: justbroke's Blog

          Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

          Comment


            #6
            Thanks for the feedback.

            Comment

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