Re: Chapter 7 Trustee's Report of No Distribution - minimal FUNDS collected !
posted on
Aug 20, 2019 10:13AM
A bankruptcy trustee usually files a report of no distribution or a report of assets shortly after the 341 meeting, which is also called a meeting of creditors. This is a Chapter 7 formality where the trustee meets with the debtor to ask any questions he has about the bankruptcy petition and to clarify certain facts or issues involved in the case. Creditors can attend and ask questions as well. The meeting takes place relatively early in the proceedings. About two months after the trustee files a report of no distribution, your debts are discharged, even if certain creditors did not receive any payment. Your case closes shortly after that.