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The trustee may ask questions regarding the debtor's financial situation, including the sources of income, assets owned, and any liabilities. They might inquire about recent transactions or transfers of property to assess potential fraud or preferential payments. Additionally, the trustee may seek clarification on the debtor's expenses and budget to evaluate the feasibility of repayment plans. Understanding the debtor's overall financial history and circumstances is essential for the trustee's assessment.
What else can I help you with?
Who ask the questions at the 341 meeting?
At a 341 meeting, also known as the creditors' meeting, the primary questions are typically asked by the bankruptcy trustee assigned to the case. Creditors may also have the opportunity to ask questions regarding the debtor's financial situation and assets. The purpose of the meeting is to allow the trustee and creditors to gather information about the debtor's financial affairs and ensure transparency in the bankruptcy process.
How do beneficiaries get a report from the trustee?
In writing, ask the trustee for a full accounting of the trust's activity. By law you are entitled to these documents from the trustee when requested.
Can a trustee of a trust deed land to herself that is in a trust even though you are the beneificiary.?
You must review the provisions of the particular trust document to determine what the trustee can and cannot do. A trustee has only the powers specifically set forth in the document that created the trust. Self dealing by a trustee is unlawful. If you have questions you should consult with an attorney.You must review the provisions of the particular trust document to determine what the trustee can and cannot do. A trustee has only the powers specifically set forth in the document that created the trust. Self dealing by a trustee is unlawful. If you have questions you should consult with an attorney.You must review the provisions of the particular trust document to determine what the trustee can and cannot do. A trustee has only the powers specifically set forth in the document that created the trust. Self dealing by a trustee is unlawful. If you have questions you should consult with an attorney.You must review the provisions of the particular trust document to determine what the trustee can and cannot do. A trustee has only the powers specifically set forth in the document that created the trust. Self dealing by a trustee is unlawful. If you have questions you should consult with an attorney.
Can one sell property after the trustee has indicated what assets must be liquidated?
If you are in the midst of a bankruptcy proceeding the title to all your property is in the trustee. You can't sell any property. You should direct any questions to your attorney or to the trustee in bankruptcy.
How can you buy your grandfather's property from a trust?
You need to contact the trustee of the trust and ask about purchasing the property. The trustee has only those powers outlined in the trust document. The trustee must have the power of sale in order to sell the property to you.
How do you find out if an Oklahoma Trust is still in existence?
The first step would be to ask the trustee. If the trustee is not forthcoming, you would need to demand and possible sue for an accounting.
Can I ask cooking questions?
Yes, you can ask cooking questions.
How do you ask a question on Wikipedia?
You don't ask questions on wikipedia, but you can ask questions on wikianswers.
How does a trustee know what they can sell in a chapter 7 and does a person have a trustee if they have a lawyer?
Both the laws and the bankruptcy filing, and the info the court finds (like that provided from creditors...who will ask the trustee about things you claimed to own on your crdit application), and from credit reports and tax returns, all types of things provide information for the trustee to act on. The trustee exists with or without a lawyer. In fact, your lawyer may be an advisory to the trustee on many things.
How do you play 21 questions?
Ask 21 questions and hope someone answers them. In the real game 21 questions, you ask 21 questions and who ever can't answer them looses. ask 21 question?
Can the trustee of a will give items of the estate to non beneficiaries and refuse an interim distribution to the stated beneficiaries?
The trustee under a will MUST distribute the estate according to the provisions in the will. The trustee does NOT have the authority to make gifts to non-beneficiaries unless that power was granted in the testamentary trust. The trustee should be reported to the court that appointed her/him for mishandling their authority and the estate. You should ask the court to appoint a successor trustee.
What happens at the meeting of creditors?
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 themIs 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
