Legal Question in Bankruptcy in California
My business received a notice of chapter 7 bankrupcy filing by one of our customers (in another state) that owes us money. There is a meeting of creditors later this month. Is it wise to attend, why?, and if so, is hiring an attorney in that state advisable? and why?
Asked on 8/05/09, 2:10 pm
1 Answer from Attorneys
Most of the time, creditors do not appear at the meeting of creditors. Really, the only reason to attend would be if you think the debtor filed the bankruptcy in bad faith, etc. What you should do, however, is file a Prtoof of Claim. In case there are any assets in the BK estate, that will preserve your rights to collect the debt he owes you.
Answered on 8/05/09, 2:15 pm
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