Do creditors show up to comfimation hearing?

[bksmith12345]

Do any or many creditors show up to the confirmation hearing?

[EricaCallaha]

The IRS and the State Tax Board come and might ask a question. Other than that, they generally don't show. At our 341 only the State Tax Board asked a question about our residency and if we filed all of our state taxes for the last 5 years.

[fslady]

Only one showed up

and that was a man from the bank that financed my car. I was reaffirming the car payment and all he wanted was proof of insurance. But the biggest creditor ($18,000+) never even filed a claim.

[bksmith12345]

Hi Erica,

We don't have any tax issues. I was wondering about the mortgage company, cars and unsecureds.

Thanks.

[EricaCallaha]

The tax people show up anyway. We don't have tax issues either. They are just a permanent staple there from what I could tell. We only had the state ask us because we moved to Utah 2 1/2 years before we filed and they wanted to make sure that we filed all previous taxes in our previous state as well. We have Ford and were told that they can be really aggressive, but they didn't show up. Usually only local unsecured shows up unless you owe someone like Chase for a huge amount. Then they might come and ask some questions. We don't have a mortgage, but there were other people there who did and not one mortgage company came.

More than likely, no creditors will show up.

[BankruptinNC]

We just had our 341 mtg last week. None of our creditors showed (mtg co., auto finance co., or irs/tax dept). Trustee asked us a few questions, and we were out! I know it's stressful just worrying about it, but take a deep breath & relax, everything will be OK!

[PoorGrammyinBK7]

We had a credit union rep show up - where we have 2 car loans and mtg

[crdply44@yahoo.]

no one showed.

[Kingxray]

Do any or many creditors show up to the confirmation hearing?

Is a confirmation hearing the same as the 341? Thx.

[BankruptinNC]

Is a confirmation hearing the same as the 341? Thx.

The 341 mtg is the creditor's meeting. You will meet with the trustee, and they will ask your to verify your identity, demographics, etc. They may also ask questions about your proposed plan (or any part of your bankruptcy filing for that matter), and may even ask you to modify some part of your plan. Any of your creditors can also show up at this meeting to ask questions about your proposed plan as well, although few creditors (if any) ever appear at the 341 meeting. The confirmation meeting occurs after the 341 mtg (in my case, about 6 wks later), and this is where the bankruptcy judge actually agrees with your proposed plan and makes it official. Hope this helps!

[Proxy]

So for the Chapter 7 process, there are 2 actual meetings that one has to show up for? The 341 and the confirmation? Or just the 341? I am new to all this and fact finding.Thanks.

[lrprn]

So for the Chapter 7 process, there are 2 actual meetings that one has to show up for? The 341 and the confirmation? Or just the 341? I am new to all this and fact finding.Thanks.

No, this is not correct. Let's start this over at the beginning....

There are two bankruptcy chapters for consumers - Ch 7 and Ch 13.

Ch 7 is what most people think of when they hear 'bankruptcy'. You are allowed to keep certain secured assets under certain circumstances, and all your unsecured debt (except for student loans and taxes owed) are wiped out completely. It typically lasts about 90-120 days from filing to discharge and closing.

Ch 13 is a court-approved re-organization of ALL your debt (secured and unsecured). It lasts 3 to 5 years.

You are in the Ch 13 forum, so all the information here relates to Ch 13. To see information related to Ch 7, that's going to be primarily in the Ch 7 forum.

If you file Ch 7, you have a 341 meeting. You are required to attend this meeting in person.

If you file Ch 13, you have a 341 meeting AND a confirmation hearing. You are required to attend the 341 meeting in person, but are not required to attend the confirmation hearing.

To learn more about both bankruptcy chapters, check out these links:
Ch 7 Bankruptcy Basics - http://www.uscourts.gov/bankruptcyco.../chapter7.html
Ch 13 Bankruptcy Basics - http://www.uscourts.gov/bankruptcyco...chapter13.html

[Proxy]

Thank you for the reply. I am planning Ch 7. So I presume it is only the 341 I have to appear in person for ?