BAPCPA Man #5 – 341 Meeting of Creditors

August 18, 2009
>> Creditors

With permission from BAPCPA Man himself, here’s the latest cartoon:

(Click here to see a larger version of the cartoon.)

There are a couple helpful points in this cartoon. First, a nice and concise explanation of the 341 Meeting of Creditors. (For a little more explanation, see my recent post on the 341 Meeting of Creditors here.) Second, lawyers often do slip into jargon when explaining the bankruptcy process. If you’re working with a bankruptcy lawyer (or any lawyer), don’t be afraid to ask your lawyer to define his or her terms and provide an explanation that’s clear to an average person. Lastly, in case it’s not clear, to “file a bankruptcy petition” just means to file your bankruptcy case with the bankruptcy court. Needless to say, you don’t need to gather any signatures (other than your own). In fact, your bankruptcy petition is usually filed electronically by your bankruptcy lawyer these days, which means most cases can be filed in a matter of minutes.

If you’re considering filing for bankruptcy in New York and have more questions, please feel free to contact me or my colleagues for a free initial bankruptcy consultation. We’re happy to answer all of your questions, explain all of your options and make sure you’re comfortable moving forward with whatever decision you feel is in your best interest.

Rosenberg, Musso & Weiner, L.L.P
26 Court St # 2211
Brooklyn, NY 11242, USA
718-855-6840
http://nybankruptcy.net/

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