Julian Credit Management is a non-profit, nationwide
debt consolidation and credit counseling organization, located in Central Florida.
Our dedicated counselors can help you restructure your bills
and make a payment plan that can cut years and thousands
of dollars off your long-term debts like credit cards, mortgages, and other loans.
Our debt management program can help you repay your debts:
We help you establish a spending plan, determine your financial options,
save money on interest and late fees, get your creditors off your back,
and provide you with useful information.
This page uses CSS to present the content in the best possible manner. If you can see this
message, then CSS (or JavaScript) is not enabled in your browser, and the page will not appear
as the designer intended.
After your bankruptcy petition is filed, the bankruptcy court sends a notice to all
the creditors listed on your bankruptcy creditor's matrix (people/companies you owe money
to with their complete addresses.)
This notice is generally mailed out 5 days after you file your bankruptcy petition.
The Bankruptcy Court will send all your creditors and you, a notice informing you of the hearing date when you should appear in court. This hearing is often referred to as the "Meeting of Creditors" or "341 Meeting." You will need to bring proper I.D. and your Social Security.
At your Meeting of Creditors a judge is normally never present. Instead, the Trustee will review your bankruptcy petition and ask you specific questions about it. You may be asked to provide him/her with copies of your tax returns, bank statements, pay check stubs, titles to motor vehicles, an appraisal of your home (if you own one) along with a recorded mortgage and deed; or the Trustee may be satisfied with your detailed bankruptcy petition and not request anything at all. That decision is up to the particular Trustee your case is assigned to as well as the accuracy and detail of your petition.
In most "no asset" cases, creditors rarely appear at these hearings; however, a representative from one of the companies you owe, or a person you owe, may show up at this meeting. They normally only make an appearance to ask where the secure item is and if it is insured. Normally, their conversation is with the Trustee only, but be prepared to answer their questions if necessary.
Note: A "no asset" case means that you have no money left in your approved monthly budget to distribute among your creditors. Since there is nothing for an unsecured creditor to take, they would rather write off the debt versus spending time appearing in court and not get anything anyway. Normally, the only creditors who appear at the 341 Meeting of Creditors are secure creditors who have a secured interest in your real or personal property.
If your bankruptcy petition is detailed and provides all the information the Trustee requires, this meeting (hearing) will normally only last 5-10 minutes. Remember, you are not going to court because you committed a crime and have to appear in front of a judge. Filing for bankruptcy was a "voluntary" choice you made. You have committed no crime unless you fraudulently attempt some criminal act such as hiding your assets, committed tax fraud, etc. In this case, the Trustee would notify the proper authorities. Therefore, make sure you reveal every debt and asset in your bankruptcy petition or you could be answering possible fraud charges.
Julian Credit Management is a firm that practices exclusively in the area of Bankruptcy and Debt Consolidation and has offices in Clearwater (Pinellas County), Port Richey (Pasco County), Tampa (Hillsborough County), Lakeland (Polk County) and Orlando (Orange County). We represent persons throughout the State of Florida.
BACK to Educational Resources
Home •
Common Questions •
How Do I Get Started? •
Contact •
News & Info •
Educational •
Links
Pictures and content: all rights at Julian Credit Management
Design/Programming copyright © 2000 by Orion HiTek, Inc.