After the order for relief has been issued, the United States trustee convenes and presides at a meeting of creditors.
Prior to the conclusion of the meeting of creditors or equity security holders, the trustee orally examines the debtor to ensure that the debtor is aware of—
the potential consequences of seeking a discharge in bankruptcy, including the effects on credit history;
the debtor’s ability to file a petition under a different cases;
the effect of receiving a discharge of debts; and
the effect of reaffirming a debt, including the debtor’s knowledge of the provisions of section 524 (d) of the Bankruptcy Act.
Prior to the conclusion of the meeting of creditors or equity security holders, the trustee orally examines the debtor to ensure that the debtor in a case under chapter 7 of this Act is aware of—
the potential consequences of seeking a discharge in bankruptcy, including the effects on credit history;
the debtor’s ability to file a petition under a different chapter of this title;
the effect of receiving a discharge of debts under this title; and
the effect of reaffirming a debt, including the debtor’s knowledge of the provisions of section 524 (d) of this Act
The Court on the request of a party in interest and after notice and a hearing, may order that the United States trustee not convene a meeting of creditors or equity security holders if the debtor has filed a plan as to which the debtor solicited consent prior to the beginning of the case.
