0
At the 341 Meeting of Creditors you appear before a trustee who will examine you. At the hearing your are sworn under oath and the trustee will ask you a serious of questions about the documents and schedules that are filed with court. The trustee is a person who is assigned to your case by the court and who is in charge of administrating the case. Most of the questions that are asked by the trustee are pretty routine. Some of the more common questions that are asked are:
- Did you read the schedules and petition before signing them
- Is everything in the documents accurate?
- Did you list all of your assets?
- Did you list all of your creditors?
- Have to transferred or sold any property in the last 2 years?
- Do you owe any domestic support obligations?
The questioning is pretty quick for most people. This is a good resource that describes a bit more about the Meeting of Creditors: http://hubpages.com/hub/Meeting-with-Creditors
What else can I help you with?
Can you bring a baby to the meeting of creditors if you have to?
If you have no one to take the baby while you are at the meeting then yes you can.
What happens after 341 meeting?
After a 341 meeting, also known as the creditors' meeting, the trustee and creditors can ask the debtor questions about their financial situation and assets. Following this meeting, the trustee will review the information provided and may take further action if necessary. If there are no issues, the bankruptcy case will proceed toward discharge, which typically occurs a few months later, assuming all requirements are met. Creditors may file claims, and the debtor must comply with any court requirements to finalize the bankruptcy process.
How do you postpone meeting of the creditors?
If you will not appear at your 341 Meeting of Creditors then you should try to contact the trustee to inform them that you cannot appear. Most trustees will reschedule the 341 meeting of creditors if you cannot attend for a serious reason. If you have your attorney, then the attorney can appear on your behave at the hearing date and also request that the matter be continued.
In the state of New Mexico when will discharge letter be sent out after meeting of the creditors?
In every state you become eligible for discharge 60 days after the first-scheduled meeting of creditors. It is usually mailed out around the 60th or 61st day after the meeting.
What is the initial bankruptcy hearing called?
341 MEETING OF CREDITORS
Can you postpone a meeting of creditors?
Yes, you can postpone a meeting of the creditors. Usually, you need to have a good reason, such as sickness or your car broke down. A judge will only give you so many chances to attend.
What happens if you miss your meeting of creditors in a California Chapter 7 bankruptcy?
You will probably receive one more chance. You need to have your lawyer contact the bankruptcy trustee and see if it can be rescheduled.
Is the nonfiling codebtor invited to attend the creditor meeting in a Chapter 7 case?
Codebtors must be listed in the bankruptcy, and put in the list of creditors if you want the codebtor to receive notices. No one is "invited" to the creditors' meeting, but notices are mailed to all the creditors, which/who may attend if they wish.
What happens at chapter 13 creditors' meeting?
Chapter 13 bankruptcy is different than chapter 7 in that you will essentially be reorganizing your debt and coming up with a payment plan. The creditors meeting involves filing a plan with the bankruptcy court suggesting how you will repay your debt. Some debts must be repaid in full while others require only a percentage or nothing at all.
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.
How do you add a creditor to bk?
If the trustee meeting has occurred, contact your attorney and have him fine a new creditor with the trustee. If the trustee meeting has not occurred, you may add new creditors at this 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.
