After you file a petition for bankruptcy, you'll receive notice that a 341 meeting is scheduled and that you must attend it. These meetings routinely take place approximately 30 days from the day you filed your petition, and they are also referred to as the meeting of creditors.
What is the meeting of creditors?
Tax debts and bankruptcy
Most California residents automatically assume that their tax debts are not dischargeable in bankruptcy. However, in certain circumstances, tax debts can actually be discharged. Usually, though, it is only in Chapter 7 proceedings that federal tax debt is included in the bankruptcy.
Reality TV star's bankruptcy to be reopened
One of the stars of Real Housewives of New Jersey, Teresa Guidice, recently went through bankruptcy proceedings, but the bankruptcy process ended in her going to prison on a year-long fraud sentence. This week, it was announced that the woman's bankruptcy case would be reopened.
