Bankruptcy Status Conference in San Francisco, CA

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Most businesses in bankruptcy wipe away liabilities with Chapter 11.  Individuals may also file Chapter 11 when they own a family business or generate income from real property such as apartments.  In a Chapter 11 bankruptcy, the court may calendar status conferences to determine the next steps in a case. 

Location

In San Francisco, CA, bankruptcy status conference hearings are heard at 235 Pine Street, in the financial district, across from a Starbucks and walking distance from public transportation.  The courthouse is located in a commercial building leased to other business tenants.  The building security guard at the entrance does not check identification or seem to care who goes in and out of the building.  The bankruptcy court entrance is on the 19th floor.  Security on the 19th floor is tougher than the lobby.  The guards do a thorough check of identification and baggage on anyone entering.  Even when they recognize someone having gone to the courthouse previously, they still make the person rummage for a driver’s license or passport.  No food is allowed in courtrooms so anyone bringing beverages, including water, or snacks, must leave the items with security while in the courtrooms.  Luckily, the security does not require people to throw away their items, and lets them pick them up after they finish at the courtrooms.

What Happens at the Conference?

Status conferences are generally attended by the debtor, trustee, US Trustee, and creditors.  The US Trustee office is in the same building.  At a status conference, there is a court reporter who records what everyone says.  If the debtor does not move a case along the Chapter 11 process, the court may dismiss or convert the case to Chapter 7.  When a debtor decides to go forth with a dismissal, the court may continue the hearing to give the debtor time to change his/her mind.  A debtor who dismisses a Chapter 11 case returns to the position held prior to filing bankruptcy.  The automatic stay lifts, and creditors may go after the debtor to collect.  If the debtor owns real property, and does not convert to Chapter 7, s/he will get a notice of default.

Bankruptcy status conference hearings may be complex, requiring the assistance of an experienced San Francisco bankruptcy attorney.  Rinne Legal helps people with bankruptcies, estate planning, and loan modifications in Contra Costa County, Sacramento County and Solano County. Rinne Legal has offices in Walnut Creek, Fairfield, Sacramento and Elk Grove. Contact Rinne Legal for a free consultation.  These blog posts are for informational purposes only and not intended nor should be construed as legal advice.  These blog posts may be considered attorney advertising in some states. Prior results described on blog posts do not guarantee similar outcomes in future cases.  There is no intent to create an attorney-client privilege or relationship with anyone accessing information on this blog.  Authors posting on this blog are not obligated to reply to any emails seeking legal advice.  The information contained on this blog is not intended to be a solicitation.

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