Creditor's meeting tomorrow

scootw1

Well, my creditor's meeting is tomorrow so by this time tomorrow I should know whether the creditors are funding bankruptcy. Can't see it but you never know. Would this automatically mean an attachment of earnings if they make me bankrupt?

Richard_S

scootw1 wrote:

Well, my creditor's meeting is tomorrow so by this time tomorrow I should know whether the creditors are funding bankruptcy. Can't see it but you never know. Would this automatically mean an attachment of earnings if they make me bankrupt?

Hi scootw,

No it won't automatically mean an attachment of earnings.

That can only happen if your creditors take legal action against you and as far as the bky is concerned the equivalent is an IPA, which is an amount you pay monthly based on your ability to pay but that could take months to happen.

Rich