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FAQs

  • What is a debtor?

    A person or entity who has filed a petition for relief under the Bankruptcy Code.

  • Who is a creditor?

    One to whom the debtor owes money or who claims to be owed money by the debtor.

  • Where should I file my case?

    Use the "Where Do I File?" tool to find the appropriate division to file in, along with statistical information for that division.

  • What is the cost for filing bankruptcy?

    The cost for filing various cases can be found at "Statutory Filing Fees and Miscellaneous Fees"

  • What is the automatic stay?

    An injunction that automatically stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.

  • What is the Meeting of Creditors (341 Meeting)?

    The meeting of creditors required by section 341 of the Bankruptcy Code at which the debtor is questioned under oath by creditors, a trustee, examiner, or the U.S. trustee about his/her financial affairs. Also called creditors' meeting.

  • Where is the 341 Meeting held?
  • How can I look up the schedule for hearings and 341 meetings?

    You can find hearing and 341 meeting information by using the Court Calendar tool.

  • What is a Proof of Claim?

    A written statement and verifying documentation filed by a creditor that describes the reason the debtor owes the creditor money. There is an official form (Form B410) for this purpose, which is then filed with the court.

  • What is a Reaffirmation Agreement?

    An agreement by a chapter 7 debtor to continue paying a dischargeable debt (such as an auto loan) after the bankruptcy, usually for the purpose of keeping collateral (i.e. the car) that would otherwise be subject to repossession.

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