QUESTIONS E TRUSTEE IS REQUIRED TO ASK YOU AT YOUR BANKRUPTCY HEARING 341 MEETING OF CREDITORS) After a bankruptcy petition is filed, e Court will schedule a Creditors Meeting under Rule 341 of e Bankruptcy Code. While your creditors appear, generally only e Trustee and perhaps a U.S. Trustee representative is present to ask you questions about your petition . 18, · e meeting of creditors is conducted by e bankruptcy trustee appointed in your case. Most trustee questions are fairly standard. But ey can vary depending on e specifics of your case and whe er you filed for Chapter 7 or Chapter 13 bankruptcy. Read on to learn more about e commonly asked questions at e meeting of creditors. Usually, e only formal proceeding at which a debtor must appear is e meeting of creditors. is meeting is informally called a 341 meeting because Title 11 Section 341 of e Bankruptcy Code requires at e debtor attend is meeting so at creditors can question e debtor about debts and property. Creditors who are listed on a debtor's petition will receive notice of e time and location of . Questions e Chapter 13 Trustee Will Ask You At Your Bankruptcy 341 Meeting of Creditors. Whe er you file for Chapter 7 or Chapter 13 bankruptcy, you have to attend a hearing called e 341 Meeting of Creditors to answer questions about e information contained in your bankruptcy paperwork. e meeting of creditors is conducted by e bankruptcy trustee appointment in your case. SAMPLE QUESTIONS E TRUSTEE ASK AT YOUR 341 MEETING OF CREDITORS. Your name will be called and you will come to e front and be sworn. Trustee: Please state your name and address.. Trustee: Have you moved since you filed your bankruptcy paper?(If yes, your new address and phone number is requested). Questions e Bankruptcy Trustee Should Ask. ere are a number of questions e trustee is supposed to ask at your 341 meeting, al ough many don't. ese questions address basic information such as: your name. Social Security number, and current address (you should bring a photo ID to e meeting). 29, · SECTION 341(a) MEETING OF CREDITORS REQUIRED STATEMENTS/QUESTIONS.. 1. State your name for e record. Is e address on e petition your current address? 2. Please provide your picture ID and social security number card for review.. If e documents are in agreement wi e § 341(a) meeting notice, a suggested statement for e record. Questions e Chapter 7 Trustee Will Ask You At Your Bankruptcy 341 Meeting of Creditors Whe er you file for Chapter 7 or Chapter 13 bankruptcy, you have to attend a hearing called e 341 Meeting of Creditors to answer questions about e information contained in your bankruptcy paperwork. 03, · SECTION 341(a) MEETING OF CREDITORS. REQUIRED STATEMENTS/QUESTIONS.. 1. State your name for e record. Is e address on e petition your current address? 2. Please provide your picture ID and Social Security number card for review.. If e documents are in agreement wi e § 341(a) meeting notice, a suggested statement for e record. PREPARATION FOR E MEETING OF E CREDITORS. Al ough you will be in e meeting room for 30-45 minutes your meeting of e creditors (341 Meeting) will usually last about five (5) minutes. A Chapter 7 or 13 Trustee will ask you basic questions many at are listed below. Creditors usually do not show up for is meeting.4.7/5(365). e meeting is referred to as a meeting of creditors because creditors are notified at ey attend and ask e debtor questions pertaining to assets or any o er matter pertinent to e administration of e case. It is also referred to as a 341 meeting because it is mandated by Section 341 of . Trustee questions for e debtor at e bankruptcy 341 meeting of creditors Please state your name, and address for e record. I will need to see your photo id and proof of your social security number. Night of e Living Trustees. e Chapter 7 meeting of creditors (also called e 341 hearing) is a meeting at which e bankruptcy trustee and your creditors get to ask you questions under oa about your bankruptcy petition and e documents you’re required to provide to e trustee.Au or: Cara O'neill, Attorney. e Trustee will ask e debtors about eir Chapter 13 petition, including but not limited to, living expenses, creditors, income, and o er relevant issues e Trustee wish to question. At e 341 meeting of creditors, creditors will also have e opportunity to ask . Below are e questions typically asked of Chapter 13 debtors in yland at e Meeting of Creditors. It is not a test! (Taken from e Chapter 13 Trustee Handbook) Basic Questions.. State your name and current address for e record. 2. Please provide your picture . 08, · If a creditor wants to ask you any questions beyond just a few minutes e trustee will often tell em at ey will need to set up a deposition (called a 2004 exam) where ey can have more time to ask you questions (is also rarely happens). 04, · Usually a bankruptcy trustee will ask a debtor about eir assets as well as e required questions below. If you have additional questions about what to expect at your 341 meeting of creditors feel free to give Symmes Law Group a call at 206-682-7975. Common Questions asked at bankruptcy 341 meeting.. State your name and current address for. Typical Questions at e Meeting of Creditors. e trustee will ask a series of routine questions e trustee must ask every debtor. e trustee will en ask any particular questions at arise in your case. Most bankruptcy attorneys can predict what e trustee will ask and explain e situation ahead of time—to bo you and e trustee. 17, · e trustee will also ask questions about any ing unusual in your filing. Your bankruptcy attorney will likely be able to predict, and possibly even take care of, issues ahead of time. Creditor Questions Businesses Can Expect at e Creditor Meeting. Creditors rarely show up, but ey can also ask questions.Au or: Cara O'neill. e creditor’s meeting is intended to allow your creditors to ask you questions about your financial dealings and to review your situation. A meeting of creditors is also an opportunity for your creditors to instruct e bankrupt’s Trustee on how to handle issues wi distributing your assets at have been paid into e bankruptcy estate. A creditors’ meeting is designed to allow e creditors to review a bankrupt’s situation, including asking e bankrupt questions about eir financial dealings at lead to eir trouble. Of equal importance, e creditors’ meeting allows e creditors to provide e trustee handling e bankruptcy wi instructions on how to deal wi. 17, · A meeting of creditors is a brief hearing to verify e accuracy of e bankruptcy filing and make sure e creditors receive eir fair share of e proceeds from selling e bankruptcy assets in accordance wi e code. e trustee checks e debtor’s income and assets to make sure every ing was reported accurately in e filing. 23, · Before e trustee can officially conclude e meeting, ey’ll ask whe er ere is any interested party who wishes to ask questions of e filer as well. Typically, only two types of interested parties show up: someone from e office of e United States Trustee or one of e filer’s creditors. 06, · e meeting of e creditors at occurs at e beginning of a New York bankruptcy case shortly after it’s filed is one of e few times e debtor must appear at e bankruptcy court. Moreover, e creditors emselves are rarely present, and e meeting itself is conducted by e trustee, who will question e debtor on various topics. 341 Meeting is brief and fairly informal, and usually boils down to answering some standard straightford questions posed by e bankruptcy trustee. Your attorney will be present at is meeting and will support you and will take note of trustee’s requests or additional questions, if necessary, and in most cases creditors do not show up. Pub. L. 99–554, § 212(1), substituted e United States trustee shall convene and preside at a meeting of creditors for ere shall be a meeting of creditors . Subsec. (b). Pub. L. 99–554, § 212(2), substituted United States trustee convene for court order . Subsec. (c). Pub. 03, · e meeting of creditors is an important part of every bankruptcy case ough it rarely involves creditors. e typical Chapter 7 creditors’ meeting takes less an minutes. During at time, e bankruptcy trustee checks your picture id and proof of social security number and asks you a series of questions about your financial situation. e trustee will probably do so as well. Also, a creditor cannot use e meeting as a fishing expedition to ask e debtor very general questions. Al ough a creditor has e exact right to do at, it is done pursuant to a Bankruptcy Rule 2004 exam, and not at e meeting of creditors. 22, · e meeting of creditors is e one ing at all bankruptcy cases in e United States have in common. e Bankruptcy Code requires at is meeting, sometimes also called e 341 meeting or e creditors meeting, happens about a mon after e . e creditor doesn’t necessarily have to attend is meeting to file an objection to discharge, but it can happen. Texas 341 Meeting. e most important ing to remember about your 341 meeting is at you are under oa, so answering e questions of e bankruptcy trustee and any o er creditors at show up (if ey show at all) honestly. 23, · Typically, 30 days after a bankruptcy case is filed you will go wi your attorney to court to a Meeting of Creditors (or 341 Meeting). ere are a few standard questions at e Trustee will ask you to answer. Below are e questions: (1) Please state your name and address for e record. 30, · e number 341(a) comes from e section of e Bankruptcy Code at requires at in each Chapter 7 bankruptcy case ere must be a meeting of creditors. At at Meeting, e Trustee and creditors ask e Debtors questions concerning e Debtors' assets and debts. Meeting of Creditors Questions. Below are some questions at are asked of most debtors at e Meeting of Creditors. After asking e questions below e trustee will ask you questions specific to your case. What is your full legal name for e record? Do you swear or affirm at e testimony you will provide is true and accurate? 04, · You went for your meeting of creditors. e trustee closed e meeting. Here are e loose ends you need to tie up. If e Meeting Is Closed. If e bankruptcy trustee has no fur er questions and doesn’t need any o er documents, your meeting will be closed. You won’t need to go back to court or appear again. 60 Days To Object To Discharge. is meeting is called e 341 meeting, based on e section of e bankruptcy code where it is discussed. It's sometimes also referred to as e meeting of creditors or e creditors' meeting. e 341 meeting is e only time e trustee and creditors can ask you questions while you are under oa and on e record. At e Chapter 13 Meeting of Creditors you, your lawyer, & e trustee discuss your payment plan and any creditor & trustee questions. e Chapter 13 Payment Plan. e core of your Chapter 13 adjustment of debts case is e payment plan. e plan is a detailed outline of who you will pay, how much, and when. e Meeting of Creditors, or 341, is e hearing where your assigned trustee, and any creditors, are allowed to ask you questions related to e bankruptcy you filed. Filing for bankruptcy in Florida is a difficult ision, be it Chapter 7 or Chapter 13. Regardless of e type of bankruptcy you file, you will need to appear at e meeting of creditors. What Kinds of Questions Will e Trustee Ask Me at e Meeting of Creditors? e Chapter 7 trustee’s job is to investigate your matter to see if you own any assets at can be liquidated to repay your creditors. us, questions about ownership of property, transfer of property, purchase of property, large payments to creditor, liquidation of. (e trustee will hold ese funds in trust and distribute e payments among creditors once your plan is approved.) After e trustee finishes eir questions, your creditors can ask questions related to e specific debts at you owe. In many cases, creditors will not appear at is meeting but file written objections to e repayment. is website was designed pri ily to assist attorneys, debtors, and creditors involved in Chapter 7 bankruptcy cases assigned to bankruptcy trustee Lynda T. Bui. is site provides information regarding e Section 341(a) Meeting of Creditors, forms commonly used in ese cases, and links to helpful sites. 04, · e meeting of creditors is also called a 341 meeting since it references section 341 of e Bankruptcy code. at code provisions provides at a meeting must take place where creditors are allowed to come and ask e debtor about e debtors financial condition, assets, eir Bankruptcy schedules and statements, etc.