After a petition for bankruptcy has been filed, the trustee in the case will schedule an appointment where the consumer(s) must appear.  According to part A of section 341 of the United States Bankruptcy Code, Meetings of creditors and equity security holders, “Within a reasonable time after the order for relief in a case under this title, the United States trustee shall convene and preside at a meeting of creditors.”
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One glance at a news website, or even to your local newspaper, and you will see that the nation is currently in the grips of a true housing crisis.  Foreclosures are at an all time high and in some areas of the nations, bankruptcies are also setting records.  Many consumers that are faced with foreclosure have two options to save their house:  file bankruptcy and reaffirm on the mortgage or refinance to a better loan product.
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The staff at e-bk.com provides a wide range of information to consumers.  Whether you’re looking for a bankruptcy lawyer in your state or information on the latest bankruptcy statistics, e-bk.com is the internet’s best source for bankruptcy information.  Let’s take a tour of some of the more popular sections of the site.
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Although e-bk focuses primarily on personal bankruptcy news and information, from time-to-time the staff feels that it is important to highlight certain corporate bankruptcies as they could be seen as a sign of changing times.  The last week of March and the first few weeks of April 2008 brought three bankruptcy announcements by airlines.
 
In March, Aloha Airlines announced its plans to file for bankruptcy and ceased operations effective March 31, 2008.   Aloha Airlines had been serving the Hawaiian Islands for more than sixty years.  A few days later, on April 2, 2008, Indiana-based ATA Airlines also announced that it had filed for bankruptcy.  ATA Airlines did not offer any forewarning to passengers and immediately cancelled all flights.  Many passengers were greeted by signs at airports announcing the bankruptcy and cancellations. 
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For consumers that have made the decision to file bankruptcy, they can attest to the fact that there is, indeed, life after bankruptcy.  For those that are contemplating a decision to file for bankruptcy, this is one of the questions that they ask themselves the most.  The unknown, what happens after a bankruptcy case is discharged, can be scary.  Rest assured, there is life after bankruptcy and in the majority of cases it is a much better life than what was experienced prior to the filing the bankruptcy petition.
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