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What else can I help you with?
How long do you have to wait for 341 meeting?
A 341 meeting, also known as the Meeting of Creditors, typically occurs about 20 to 40 days after a bankruptcy filing. The exact timing can vary based on the court's schedule and the specifics of the case. Debtors are required to attend this meeting, where creditors can ask questions about the bankruptcy filing. It's important to prepare for this meeting and understand its significance in the bankruptcy process.
What does bankruptcy status awaiting first meeting mean Ive already had the 341 meeting?
No, it means the 341 meeting has yet to be scheduled. You'll know when you have it as you have to be there.
What is the initial bankruptcy hearing called?
341 MEETING OF CREDITORS
Bankruptcy 341 hearing?
341 is the section of the bankruptcy code that provides for a meeting of creditors. Though creditors is the name of the meeting, it is rare creditors show for the meeting. Really what this meeting is a meeting with the bankruptcy trustee assigned to your case. The trustee reviews your papers and would liquidate any property that is not exempt. Typically, most people don't have any non-exempt assets and the case is a no asset case. The trustee at the 341 meeting asks questions to see if the debtor has any assets he would be interested in, that the debtor is telling the truth and the papers are done correctly. The trustee, if satisfied, will file a report with the judge who then signs off on the debtor's bankruptcy discharge.
What happens to an incomplete bankruptcy filing if the filer dies before its completion?
The filer has to be in person for the 341 meeting so the bankruptcy would be dismissed. A bankruptcy may still be discharged if they are just waiting on the judge to discharge the bankruptcy.
In Chapter 7 does a trustee have the ability to monitor your bank account activity after your 341 meeting while waiting for bankruptcy to be discharged?
Our attorney told us that our case (including bank records, etc.) would not be reviewed again after the 341 meeting.
How long after meeting with creditors do you know if you can declare bankruptcy?
That meeting, the 341 meeting...is normally sometime after you have filed BK. They don't decide if you can declare BK, obviously because they would always say NO.
Is bankruptcy discharged after all the debts are settled?
The discharge is, as general rule official sixty days after the date of the creditor (341) meeting.
When is a chapter 7 bankruptcy closed?
It is closed when it is legally discharged by the courts. Usually about 2 months after the 341 meeting for a ch. 7.
Can you move overseas for a job after filing bankruptcy?
Yes, though you should wait until after the case is closed. You have to be present at the 341 meeting of creditors, though you may be able to appear telephonically if there was a good reason for taking the job and leaving before the 341 meeting.
What happens at 341 meeting?
A court appointed trustee will ask simple questions in regards the your bankruptcy. My meeting only lasted about 1 minute (they were in a rush). I showed my ID's then I was sworn in, asked if my signature on my petition was mine and if I read and understood the petition. If I was married, single etc. How old I was? If I was being sued or in a position to sue someone. Then that was it folks. One and done. Hope everyone else's goes as smooth and as fast as mine did.
Do you have to attend a 341 meeting?
Yes, sorry to hear you didn't steal enough money from your mother to pay for your debt T.
