Bakruptcy Court Know the Players (Chapter 7 & Chapter 13)

FOR IMMEDIATE RELEASE
Los Angeles, California, United States of America (Free-Press-Release.com) September 17, 2011 -- The basic players are the Bankruptcy Court Judge, the Trustee assigned to your case, the United States Trustee and your creditors.

The first thing you should do it to gain a basic understanding of the bankruptcy process. Go to www.bkedcert.com and at the top of the page click on FAQ. This will give you an overview of the bankruptcy court process

When you file your case it is assigned to Bankruptcy Court Judge. At the time of filing your case is assigned to a case Trustee. The Case Trustee is appointed and supervised by the United States Trustee, an official of the U S Department of Justice.

If your filing is incomplete the court may dismiss your case or may order you to file the missing document or risk having your case dismissed. The case trustee may require you to submit additional documents. You must timely comply with these requests. There are special rules in a chapter 13 case (making monthly plan payments making ongoing mortgage payments and payment on other secured debts). Failure to comply with these requirements may result in the trustee asking the court to dismiss your case.

Soon after you file you will be notified of the First Meeting of Creditors (341(a)) meeting. You are required to appear at this meeting and will put under oath and be questioned by the case trustee about the documents you filed. Creditors may also appear at the meeting and ask you question. Failure to appear at this meeting is grounds for dismissal of your case.

To be successful it is critical that you know the rules and comply with them.
Before you file your case you are required to complete an approved program in credit counseling. Be sure to take a program approved by the United States Trustee. These programs also include information about possible non bankruptcy options for dealing with your financial problems.

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