When you file for Chapter 13 bankruptcy in Cleveland, Ohio, the process may seem a bit confusing and overwhelming at first. That is why it is helpful to educate yourself about what will happen. Knowing what to expect can help you better prepare for the necessary steps to complete your bankruptcy.

After your Chapter 13 bankruptcy petition is filed with the court, you will meet with the bankruptcy trustee at something that is referred to as the meeting of creditors. According to the United States Courts website, this typically occurs between 21 and 50 days after your petition is filed. You will need to be present at the meeting. If you and your spouse are filing for bankruptcy jointly, you will both need to attend the meeting of creditors.

As with any court proceeding, you will be placed under oath and you must answer questions about your finances truthfully. Failure to do so may result in punishment. Your creditors are also able to attend the meeting if they wish and you will also be obligated to answer any of their questions about your income, your liabilities and your ability to repay your debts. Therefore, it is important to be well-prepared when you attend the meeting of creditors.

A repayment plan is then developed and submitted to the court. You will make payments to the trustee under that plan and the trustee will distribute the funds to your creditors. This should not be considered legal advice and is provided only as general information on this topic.