Creditors' Meeting

Within 10 to 30 days after the filing of the petition, creditors are sent notice of the filing (proof of claim) and a meeting date

Questions may focus on concealment or improper disposal of assets. “What happened to the 100 foot yacht? It is not listed on your schedule!”

Creditors also elect a trustee, who must be approved by the judge. Usually the 7 largest unsecured creditors

Trustee becomes the legal representative of the debtor and gets legal title to the property