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Comment creditor mark

although friends mark Martella here for legal briefs and as you can see in the background I'm excited about the lanova making the sweet 16 we'll see how far they go I'm also in tied for first in my affirm pool so we're having some fun this week but what I'd like to talk to you about today is what happens at it creditors meeting and what a creditors meeting is in bankruptcy is about 30 to 40 days after you file your bankruptcy petition which starts your case you have what's called a creditors meeting and that's where you meet with the bankruptcy trustee and that happens whether or not it's in a chapter 7 or chapter 13 case now in a chapter 7 case be a trustee is usually a private attorney like myself who's appointed by the court to conduct these meetings once a week in a chapter 13 the trustee is a full-time employee of the the US government so whether it's a seven or thirteen what happens is you'll go to the meeting area in here in Southwest Florida you're either going to meet in Fort Myers or up in Tampa depending upon where and you live here on the south west coast of Florida and what happens is generally in a typical consumer case the meeting doesn't last more than five or ten minutes so what you need to keep in mind the trustees job is just to make sure people are staying honest and to see what assets there are what non-exempt assets that are are and if they have to pay back anything to creditors and one of the big misconceptions and bankruptcy is that you know you have to pay back a percentage of what you owe to your creditors well nothing can be further from the truth in a chapter 7 if you qualify for 7 all you pay back is what you're not exempt assets are and that's a topic for another video but at the actual meeting eventually you're you'll be called you'll go up to a to a small desk with your attorney you'll be sitting across from the trustee he put you on the road tell the truth whole truth nothing but the truth a trustee will ask you questions like did you review the petition before you signed it is everything in there does it contain all of your assets and all your liabilities all your income and all your expenses that he or she may ask some specific questions about your case where you work how much do you make when did you buy your car for how much one did you buy your house those type of things if there's any creditors there they would then have the right to ask you questions ninety-nine percent of the time there's no creditors they are the most common creditor there is someone representing an ex spouse and what often happens in this is something where...