You have your bankruptcy lawyer in Las Vegas and you coordinated with your bankruptcy trustee. You’re ready to have your meeting of creditors. You’re on your way to a debt-free life. However, there is one person who stands in the way. During your bankruptcy petition, you may face the ultimate decision maker in your case: your bankruptcy judge.
702.367.8899 info@luhlaw.com
You filed your petition. You spoke with your bankruptcy lawyer and bankruptcy trustee. Now, the time has come for the meeting of creditors, also known as the bankruptcy hearing. The meeting of creditors is the most important part of your bankruptcy process, so make sure to take it seriously.
You’ll have your bankruptcy lawyer in Las Vegas to guide you, but you should also be mindful of these five tips to make your creditors meeting run perfectly.
5 Tips for Your Meeting of Creditors
Don’t Lie
We already mentioned how lying or committing bankruptcy fraud can cause issues. However, during your meeting of creditors, your bankruptcy trustee will ask you to swear under oath. So, if you do lie during the meeting, you are committing perjury. Being caught in a lie during your bankruptcy hearing can cease your bankruptcy petition and incur fines. Don’t do it.
Besides, during your meeting, your creditors cannot harass or threaten you. They will speak to you cordially through your bankruptcy trustee.
Have Your Documents Ready
You’ll need your social security card and a government-issued photo ID. Your bankruptcy trustee cannot hold the meeting of creditors without these documents. Bankruptcy fraud and identity theft are a concern.
Other documents you need will include deeds of your assets, proof of income sheet and your most recent tax returns. On the night before your meeting of creditors, gather all your documents, so you won’t have to run around looking for them the day of.
Do Not Get Combative
A meeting of creditors should only lasts about 10 minutes. Don’t feel the need to unleash any anger or resentment against your creditors. Under the law, they cannot respond back to you if you speak in such a manner.
The point of the meeting is to never see or hear from them again. Relax and stay calm. Any argument will only prolong the meeting, and the trustee could potentially stop the meeting if it gets out of hand.
Speak to Your Lawyer
If you feel emotional or stressed out, discuss it privately with your Las Vegas bankruptcy lawyer. You hired them to guide you through the process. If you’re unsure how to answer a bankruptcy trustee’s question, ask your lawyer how you should respond.
Leave with a New Life
When the meeting of creditors is over, you will leave. During the time after the meeting, continue creating money-saving plans and find financial counseling. The time spent waiting after the meeting is reserved for any adversary hearings against your petition. They will also check for fraud on your part.
If you answered truthfully and did everything you were told, you will receive a Notice of Discharge from the court. Then, you can begin a new life debt free.
Need a Las Vegas Bankruptcy Attorney?
At Luh and Associates Attorneys at Law, our expert bankruptcy lawyers in Las Vegas will help with any debt relief and debt consolidation. Clear your bankruptcy today with Luh and Associates.
One of the questions we hear in our Las Vegas bankruptcy office is how am I going to pay for my bankruptcy? It seems like a catch-22. I need money to get out of debt, but I don’t have any money because it is going towards my debt. What can one do?
There is one relatively cheap way to declare bankruptcy in Las Vegas.
With Halloween coming up, we find everyone getting in the scary spirit. However, at our Las Vegas bankruptcy law firm, we do not have an interest in scaring people. Instead, our bankruptcy attorneys enjoy making people happy and getting them out of stressful situations.
For all those opening your first line of credit, listen up. As bankruptcy attorneys in Las Vegas, we know what can happen when credit gets out of hand. It is an understatement to say owning a credit card is a massive responsibility.
However, if properly managed, credit can enrich your life. Whether using the card to buy a car or home, strict management over your credit card is key.
Avoid declaring a later bankruptcy—Las Vegas or elsewhere— with these helpful tips for first time credit card users:
Not many people know that other types of bankruptcy chapters are available.
These lesser known bankruptcy chapters are called Chapter 11 and Chapter 12. How you qualify depends on specific factors, which requires the assistance of a bankruptcy lawyer in Las Vegas.
While our office focuses only on consumer bankruptcy (Chapter 7 and Chapter 13 bankruptcy), In an effort to keep the Las Vegas community informed on bankruptcy law, we will discuss these bankruptcy chapters in case you ever need them.
Bankruptcy does not last forever. While filing for bankruptcy in Las Vegas and meeting a bankruptcy attorney may swamp you in financial stress for the first year, eventually it will be discharged.
Our bankruptcy firm in Las Vegas wants to explain what bankruptcy discharge is, how it occurs and how long it lasts on your credit report.
Have you considered a career in law? The life of a lawyer, whether it is a bankruptcy lawyer in Las Vegas or elsewhere, can be a rewarding and enriching experience. Not only do you get to help people, but you can also make great money.
If you are serious about becoming a bankruptcy lawyer in Las Vegas, follow these steps.
When declaring your bankruptcy, you may have made a mistake. You may have realized Chapter 7 is not right for your situation and want Chapter 13 bankruptcy instead. Or, maybe you don’t want the pressure of making payments under Chapter 13 and want to wipe it all out with Chapter 7.
You wonder, is it possible to change which chapter of bankruptcy I filed under? At Luh and Associates Attorneys at Law, our bankruptcy attorneys say yes, you can. Here is how it can happen.
Committing fraud is illegal. While fraud laws can vary state to state, committing fraud can lead to fines and possible jail time. Committing fraud, especially when you declare bankruptcy in Las Vegas, Nevada, is particularly heinous.
©
2003 - 2023
Luh & Associates