Who’s Who in Bankruptcy? Understanding Everyone Involved in Your Case

05/09/2025 17 min Episodio 6
Who’s Who in Bankruptcy? Understanding Everyone Involved in Your Case

Listen "Who’s Who in Bankruptcy? Understanding Everyone Involved in Your Case"

Episode Synopsis

Episode Summary:
In this insightful episode of All About Bankruptcy, Oklahoma bankruptcy attorney Luke Homen explains the key players in a bankruptcy case and why having the right legal guide matters. Luke unpacks the differences between debtors, trustees, creditors, and judges, while clarifying how secured and unsecured creditors play distinct roles. He also shares why timing is critical in bankruptcy filings, the risks of going it alone, and how his firm, Convenient Bankruptcy, helps Oklahomans protect assets, reduce stress, and navigate the process with confidence.
Key Timestamps:
00:01 – Show introduction and welcome
01:20 – Comparing bankruptcy cases with criminal and civil cases
02:30 – The debtor at the center of every bankruptcy case
03:15 – Chapter 7 trustee vs. Chapter 13 trustee explained
05:45 – Role of the U.S. Trustee as a watchdog in the bankruptcy system
07:10 – Do most bankruptcy cases involve court appearances?
08:40 – Understanding secured creditors, unsecured creditors, and priority creditors
11:20 – What happens at the Section 341 meeting of creditors
14:10 – Common creditor questions during bankruptcy cases
15:30 – Risks of filing bankruptcy without legal representation
17:05 – Why timing is critical when filing bankruptcy
18:15 – Advice for individuals feeling overwhelmed by the bankruptcy process
19:45 – Closing thoughts and call to action
About the Show:
 All About Bankruptcy  with Luke Homen is dedicated to helping Oklahomans understand their legal options when facing financial hardship. Hosted by attorney Luke Homen, founder of Convenient Bankruptcy, the show provides practical guidance on eliminating debt, protecting assets, and moving forward with clarity and peace of mind.

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