Detroit Chapter 7 Creditors’ Meeting

DETROIT BANKRUPTCY COURT

This is it!  Home of the Detroit, Michigan bankruptcy court.  Nothing marking it other than the address:  211 West Fort.

The initial, usually, only, court date is held here on the third floor, for both Chapter 7 and

Chapter 13 creditor meetings, or, 341 hearings.  Well, for certain counties in the Eastern District of Michigan.  Chapter 7 hearings for Washtenaw and Lenawee counties are held in Ann Arbor, and Chapter 7 and Chapter 13 hearings for the Northern Division of the Eastern District of Michigan are held in Flint, Port Huron, and Bay City.

Judges are not even allowed to attend, so court date is not quite accurate.  The hearings are presided over by the Chapter 7, or, Chapter 13, trustee.

The trustee operates the tape recorded, seen above, which is the official record of what happens. No court reporter, as such.

Most of them bring a laptop computer, as in the picture.

The trustee sits behind the machinery.  If any creditors attend, a rare event other than credit unions and car finance companies, they sit to the trustee’s right.

The debtors, that is, the people who file bankruptcy, sit directly across from the trustee.

The debtor attorneys sit on the trustee’s left.

A place for everyone!

The United States Trustee, under the Department of Justice, oversees the individual trustees, who are all attorneys, except for one accountant.  The U. S. Trustee even has a Chapter 7 Trustee Handbook.

They are NOT government employees.

Currently, they get $65 dollars out of the $306 dollar filing fee.  And, a percentage, set by law, of any assets they bring into the bankruptcy estate.  Which is their job, to reduce assets to cash for the benefit of creditors.

Not enough to get me interested in applying for the job.  About twice a month, you get to sit in a small room, all day, processing 7-8 cases, every half hour.  Yes, that is 30 minutes.

For more of what happens, check my U Tube video on

Detroit Chapter 7 bankruptcy hearings.

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