Why are most creditors a no show in BK cases?

[Karceno888]

Does anyone have insight on this.

Thanks.

[shipo]

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"?

[Karceno888]

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.

[despritfreya]

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.

[justbroke]

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).

[Karceno888]

Thanks for the feedback.