After you’ve declared bankruptcy, the Licensed Insolvency Trustee will notify your creditors, which is usually done electronically. There are certain cases where a Meeting of Creditors is required. If the meeting is requested, you must attend. The purpose of this meeting is to:
Allow the creditors to get information about your bankruptcy filing;
Approve the particular LIT that has been appointed;
Appoint inspectors who are expected to assist with the bankruptcy claim, if desired; and
Allow the creditors to give direction to the LIT.
You may have to face an examination under oath, which will be conducted by a representative from the Office of the Superintendent of Bankruptcy. The purpose of this examination is to see what actions you have taken before filing for bankruptcy, the reasons that caused your bankruptcy, and to confirm any property that you have acquired before or after you’ve filed.