26, · But e following are some of e most common trustee questions you encounter at e meeting of creditors (keep in mind at e time periods will vary wi each trustee): Did you review your bankruptcy petition and schedules before you filed em wi e court? Is all of e information. 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. 30, · Questions a Creditor Might Ask You at e Meeting. After you take an oa promising to give tru ful testimony under penalty of perjury, creditors in attendance will have e opportunity to ask you questions about your personal and business finances, and assets. Here are examples of possible questions:Au or: Cara O'neill. 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.Au or: WM Law. 25, · e MAIN reason why a trustee ask so much about your finances at e 341 Meeting of Creditors: When your trustee is asking you ese questions, ey are expecting honest answers. When you file for bankruptcy you are stating at you cannot afford to pay back your creditors. Feb 20, 2009 · Commonly asked questions, continued: [review vehicle titles - property deeds - showing secured interests] o Wi in 90 days before filing, did you pay any creditor $600.00 or more? o Wi in e same 90 days, did you transfer any account balances? o Did you repay debt . At e 341 meeting (also called e creditors' meeting), e trustee ask about your bankruptcy forms, property, debts, and more. By Lisa Guerin, J.D. During your bankruptcy case, whe er you file under Chapter 7 or Chapter 13, you will have to attend a meeting wi your creditors and e bankruptcy trustee in charge of your case. In bo Chapter 7 and Chapter 13 bankruptcy, e debtor is required to attend a meeting of creditors, also called e 341 hearing. e meeting of creditors is not a court hearing. Instead, it is run by your bankruptcy trustee and usually held in a meeting room. Below you'll find articles explaining what to expect at your meeting of creditors, how to prepare, and how to deal wi various issues. Representing Creditors in Bankruptcy: Questions to Ask Before Getting Started - Read e Bankruptcy legal blogs at have been posted by Attorneys on Lawyers.com. 07, · What’s e Trustee Going Ask, You Ask? Questions Asked At e Meeting of Creditors. About 30 days after you file your bankruptcy, you’ll have to attend e 341 Meeting of Creditors. Information about is meeting can be found roughout is website, and at e following link: 314 Meeting Information.. e trustee will have e opportunity to ask you several questions, and your creditors. 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. 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. 17, 20 · What types of questions can a creditor ask at e 341 meeting I am a real estate developer whose business failed and due to e personal guarantees I had it is forcing me into bankruptcy. I have one bank who is being especially agressive and inks I have assets i dont have. 06, 20 · e main reason at creditors do not appear at e meeting is at creditors are not allowed much time to ask questions of e debtor. What e creditor can gain from e meeting does not justify e expense of sending a representative. e bankruptcy trustee conducts a busy docket of bankruptcy debtors and is required to question each debtor. e meeting of creditors (also called e 341 hearing) is a mandatory hearing almost all bankruptcy debtors must attend. At e 341 hearing, creditors have e right to ask you questions under oa about your bankruptcy papers and financial affairs. But in most cases, creditors rarely attend 341 hearings. 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. 13, · Potential Meeting of e Creditor Questions. When you file a bankruptcy, whe er Chapter 7 or Chapter 13, you will have to go to some ing called a Meeting of e Creditors. At is hearing, e Trustee in your case will ask you a few questions under oa. 19, · Creditors Can Ask Fur er Questions. On rare occasions, a creditor appear at your meeting of creditors. ey have e chance to ask questions while you are under oa. ey have a limited amount of time and typically only attend if ere is a dispute as to e nature and location of your assets, or whe er e assets are insured. Trustee Questions at e Bankruptcy 341 Meeting. ese are e Eastern District Chapter 13 hearing questions. Ms. Burden requests at your attorney asks e questions. Mr. Keats is a Chapter 7 Trustee in e Western District. e questions ey ask you might vary . Regardless of e chapter under which a petition is filed, every debtor will have to go to court. However, in order to avoid any bias e judge is not allowed to attend so, e chapter 13 bankruptcy meeting of creditors and o er chapters of bankruptcy meetings are not really 'court', but ra er a meeting held at court when you file bankruptcy. At e 341 meeting of creditors e trustee ask you roughly 20 to 25 questions about you and your debts. If for any reason you have more questions about e 341 meeting of creditors or have a special case, do not hesitate to call our office at (602) 262-4357. If is is e pri y Meeting of Creditors fur ermore identified as a 341, e individual would simply have a few minutes to request questions. e individual will naturally wish to utilize at time to particularly ask what occurred to e possessions at are not listed on e appeal. 07, 20 · e Meeting of Creditors. Also known as e Section 341 hearing, e Meeting of Creditors allows a court-appointed trustee to ask you questions about your case. Most of e questions are very basic. e meeting takes place at e U.S. Trustee’s Office in yland and Virginia. In e District of Columbia, e Meeting of Creditors is held at. If ere is a joint debtor, use information from petition to ask e following questions: Have you used any o er names in e last 6 years? Is your social security number joint debtor social security ? Do you live at debtor's address? Have ei er of you ever filed bankruptcy before? If is is a repeat filer ask e following questions. When it comes to filing bankruptcy, one of e ings people stress about is e 341 meeting of creditors.You likely have many questions about facing your creditors in a hearing. e best action you can take is to consult wi a skilled legal professional. e creditors’ meeting is called after a meeting of shareholders – often directly following it, or wi in a maximum of 14 days. e insolvency practitioner presents a statement of affairs which details e company’s financial position. Creditors can vote on whe er to retain e IP appointed by e company, or to choose eir own. 2 Sample Audit Committee Questions to Ask of Auditors and Management u Sample audit Committee QueStionS to aSk of auditorS and management To assist e audit committee in performing its duties, e following is a list of questions it ask e auditors and management in e context of periodic discussions (i.e., audit planning meeting and post-audit meetings). 26, · e best way to prepare for your meeting of creditors is to simply review your bankruptcy petition and schedules. After your bankruptcy case is filed, your bankruptcy lawyer should provide you wi a copy of all documents filed in your bankruptcy case. Review e bankruptcy paperwork and make sure at you listed all of your creditors and all of your assets. If you missed a creditor or . e lack of time for creditors to ask questions to e debtor leaves e creditor little to gain by attending e meeting. During e 341 Meeting. e purpose of a 341 meeting is to obtain sworn testimony from e debtor to verify e validity of e information provided in e debtor’s bankruptcy petition (bit.ly/13OfAB3). 28, · Attend your 341 Meeting of Creditors. At e 341 Meeting, e trustee will review your bankruptcy petition and e schedules on which you listed your assets. e trustee will ask basic questions about your debts and assets. However, e trustee Views: 3.9K. e following questions can be expected to be asked by e trustee to a business debtor during meeting:. Please state your name and current address for e record. 2. Please provide your picture ID and social security card for review. Also, a creditor cannot use e meeting as a fishing expedition to ask e debtor very general questions. Al ough a creditor has e right to ask numerous relevant questions, ere is not enough time to ask many questions at a meeting of creditors, and trustees will not permit it. 28, · Most people filing bankruptcy want to know what e bankruptcy trustee will ask em at eir 341 Meeting of Creditors. While e trustee’s questions will depend somewhat on your specific file, many of e questions are standard. Knowing some of ese questions ahead of time can put you at ease. Reviewing ese questions will also help your. 18, · Hello. I am a bankruptcy Attorney wi over 19 years experience, if a creditor shows up e law only allows em to ask questions regarding. your petition and what information you provided in your chapter 7 petition. typically in a chapter 7 case a creditor will not show up, unless. Apr 30, · e Best Credit Cards Of . Productivity in meetings can skyrocket when you ask for outside opinions—ei er by bringing fresh ears, eyes, and ideas into e meeting, or by challenging. 17, 20 · Also, ey just simply don't have e time, and don't want to pay an attorney $500-$1,000 to ask you questions about your $1500 credit card debt. So it's rare for a creditor to even show up. In reality, ere are usually ree people in e 341 Meeting room (which is a business office, not a court room). you, your attorney, and e Trustee. If you’ve reviewed e basics, you probably know ese ings already. But ere’s a lot at e basics don’t cover, and questions at you might be embarrassed to ask, like how to start rebuilding your credit after a bankruptcy. We cover of e top I’m-too-chagrined-to-ask questions. Ask is question to see if e credit repair company takes a customized or one size fits all approach to restoring your credit. What is e time frame I can expect to see my credit improve? A credit repair company should be able to give you a definitive time range after an initial consultation. ere should never be a wait and see approach. Creditors clerk interview questions answers. 3. SHARES. Share Tweet. Ask questions at focus on areas where you can be an asset. Beyond is, o er questions be more direct including productivity, expectations, training, and o er logistics. All is being said, try and limit e questions to no more an ree or four. e court not preside at, and not attend, any meeting under is section including any final meeting of creditors. Notwi standing any local court rule, provision of a State constitution, any o erwise applicable nonbankruptcy law, or any o er requirement at representation at e meeting of creditors under subsection (a) be by an attorney, a creditor holding a consumer debt or any. e Trustee will ask e petitioners 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 e petitioner questions concerning eir bankruptcy plan.