FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Comments

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

First Meeting of Creditors

I just declared bankruptcy in Nov 06. This is my first time declaring. I have about 6 creditors with a total amount owing of $80K.

I was just notified of a meeting of creditors that has been scheduled.

Is this meeting normal or is this something to be worried about?

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “First Meeting of Creditors”

A licensed trustee said...

In a summary administration bankruptcy, which occurs if your assets are worth less than $10,000, a first meeting of creditors is very unusual. In an ordinary administration bankruptcy (if your assets are worth more than $10,000, or you are a corporation), a first meeting of creditors is required.

It is possible that one of your creditors has requested the meeting.

Since we do not have access to your file, I would suggest that you ask your trustee who has called the meeting, and whether or not there is anything you need to do to prepare for the meeting.