WHAT SHOULD YOU DO TO PREPARE FOR YOUR 341 MEETING OF CREDITORS:
Everyone who files for a chapter 7 bankruptcy must attend a meeting of creditors. This is the bankruptcy hearing where you talk to the local trustee about your bankruptcy case. The trustee will ask you basic questions about your forms, your assets, and will inquire about any changes in assets or creditors.
WHAT TO BRING TO YOUR MEETING OF CREDITORS:
At a minimum, you should bring the following items:
1. Your photo ID
2. Your Social Security Card, original W-2, or ITIN card
3. Your most recent paystubs that cover your filing date
4. Your most recent bank account statements that cover your filing date
TYPICAL QUESTIONS THAT THE TRUSTEE WILL ASK YOU:
Although every case is different, there are some questions that the trustee will ask every person who files a chapter 7 bankruptcy. Below are some of the most common questions:
1. Did you have an opportunity to review your bankruptcy forms before signing them?
2. Did you read the Trustee Information Sheet?
3. Did you list all of your assets?
4. Did you list all of your creditors?
5. Are you the beneficiary of a trust of any kind?
6. Have you transferred, sold, or given away any property recently?
7. Is anyone holding any of your property for you?
8. Do you have possession of any one else's property?
9. Have you made payments of $600 or more to any one creditor in the past 90 days?
Other events that can happen at the meeting of creditors:
Although all creditors are welcome to come to your bankruptcy hearing, most do not show up. If you have a car loan or line of credit for car tires, it is more likely that the creditor for those loans will appear at the hearing. They will likely have questions about the condition of the vehicle or tires, whether you have possession of the property, and whether it is insured. They may also have a reaffirmation agreement ready for you to review.
Every situation is different, and you should consult with a lawyer if you have questions about your bankruptcy meeting of creditors.
Contact Andersen Law to schedule a free consultation with our Eugene chapter 7 bankruptcy attorney. We can answer your questions and explain your options for dealing with your credit card debt, medical debt and other financial problems.
We charge low flat rates for our individual bankruptcy clients.