Meeting of Creditors

Definition from Nolo’s Plain-English Law Dictionary

A meeting the debtor must attend in a bankruptcy case with the bankruptcy trustee and any creditors who choose to attend. Typically, the trustee reviews the debtor's papers and may ask a few questions; creditors also have the opportunity to ask questions. In a Chapter 7 case, creditors rarely attend, and the meeting takes only a few minutes. In a Chapter 13 case, creditors are more likely to attend, particularly if they wish to challenge the debtor's repayment plan.

Definition provided by Nolo’s Plain-English Law Dictionary.