Most creditors do not attend the creditors' meeting.
As a creditor not attending a creditors' meeting, you forfeit the right to ask at the meeting some basic questions of the debtor, which meeting is a low cost forum available for that purpose.
A creditor can review all schedules and forms, and can object, if needed, to the reorganization plan, and if additional detailed questions are needed, can take a deposition of the debtor, which is somewhat rare in chapter 13.
If there are some unusual facts involved, or large amounts of assets or debts involved, you may wish to confer with an experienced bankruptcy attorney that represents creditors.
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I agree. You don't have to attend the meeting, but be very aware of your deadlines for objecting to the proposed plan and for filing your proof of claim (with all required documentation attached!) with the court.Ask a similar question
Your appearance or nonappearance at the creditor's meeting means nothing. The reason a creditor might appear would be to ask a few brief questions of the debtor & since in most instances, the creditor knows very well what the debtor will say, the creditor doesn't bother to appear.
You will want to make sure that you comply with the deadline requirements contained in the B9I notice you received from the Bankruptcy Court to determine your rights.
Hope this perspective helps!Ask a similar question
No, you don't forfeit any additional rights you might have. If you are serious about objecting to a plan, it's obviously a good idea to go. It's easier and cheaper to bring up your concerns directly to the trustee than to have to engage in later motion practice.
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