Stephen Robert Favali, Attorney

Stephen Favali Lawyer

Stephen Robert Favali update listing

Real Estate, Other, Motor Vehicle, Health Care, General Practice, Property & Casualty, Personal Injury, Malpractice, Litigation, Copyright

  • Law Office: Berrymans Lace Mawer Llp
  • Status: In Good Standing


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Service Type: Private

Update Date: 2015-07-14

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Stephen Robert Favali
4th Floor, St Thomas Court, Thomas Lane
Bristol, ENG BS1 6JG
51.4519,-2.589855

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4th Floor, St Thomas Court, Thomas Lane
Bristol, ENG BS1 6JG


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What happens at a bankruptcy creditor's meeting in Rhode Island?
Everyone who files a bankruptcy case in Rhode Island will have to attend a creditors meeting also known as the "341 Meeting". It's a meeting between the case trustee, the debtor, the debtor's attorney if they have one and any creditors that decide to attend. The debtor is asked a series of questions during this meeting about their income, expenses, debt, property, financial transactions and other things. The bankruptcy judge is not permitted to be at the creditors meeting. The meeting is held between 20 and 40 days after the case is filed. Creditors that the receive the notice. That is why it is so important to list all of your creditors and their correct addresses in your bankruptcy court forms.
Property you can keep if you file for bankruptcy in Rhode Island
Most people who file personal bankruptcy cases in Rhode Island get to keep their home and everything else that they own because the property is considered exempt by either federal or Rhode Island state law. These are considered non-asset cases because the creditors don’t receive any money. If your property is not exempt the bankruptcy case trustee can sell the property to repay your debts. An experienced Rhode Island bankruptcy attorney can ensure that you take advantage of every exemption you are legally entitled to use in your bankruptcy case.