Archive for 341 Meeting
Who is the Bankruptcy Trustee Anyway?
One of the most common questions I get my bankruptcy practice is: “What is a bankruptcy trustee?”
Perhaps the proper question is who. In both Chapter 7 and Chapter 13 bankruptcy, the bankruptcy trustee represents your creditors in the bankruptcy court. It is a trustee’s job to look out for the interests of the creditors.
That doesn’t [...]
Wrong Answer at 341 Meeting May Cost You Your Home
The 341 meeting of creditors in bankruptcy cases generally a simple meeting. In the northern part of the Eastern District of Pennsylvania, which covers Lehigh and Northampton County, one of the most dangerous questions to be unprepared for is “What is the value of your home?”
It seems like it should be an easy question, however [...]
Question 3 at the 341 Meeting of Creditors: Are All Your Assets and Creditors Listed on the Schedules?
This is the third in my series of posts regarding questions being asked at the 341 meeting of creditors.
Preparation is the key to a successful 341 meeting of creditors, in fact proper preparation is the key to successful bankruptcy case. It is important be ready for any question that the bankruptcy trustee throws at you. [...]
Question 1 at the 341 Meeting of Creditors: Did you sign the bankruptcy petition?
This is a first in my series of posts about questions are going to be asked at the 341 meeting of creditors. The 341 meeting of creditors is required whether you file Chapter 7 or Chapter 13 bankruptcy.
The first question you will be asked after stating your name for the record and showing your drivers [...]