341 Meeting
Delaware 341 Meeting Lawyers
What Happens at a Meeting of Creditors?
You and your attorney attend a Meeting of Creditors as part of your bankruptcy proceeding. Typically, this meeting involves, you, your attorney, and the bankruptcy trustee. Your creditors are permitted to attend, though in reality they almost never do.
The meeting lasts approximately 5 minutes in most cases, although you can expect to be there for 30-60 minutes when you factor in waiting times.
If your bankruptcy case involves any unique or tricky issues, you and your attorney will discuss those issues before the meeting so that they can be explained to the trustee. However, in most cases, a Meeting of Creditors involves a set of general questions. Each trustee varies in his or her exact questions, but you can expect a series of questions similar to the following:
- Can you identify your signature on your bankruptcy petition?
- Can you show your original photo ID and social security card?
- Can you identify your tax returns and verify that they are accurate?
- Have you read the Bankruptcy Information Sheet?
- Are the schedules in your petition complete, true and accurate?
- Did you review your petition before you signed it?
- Have you previously filed for bankruptcy?
- Do you own real estate, or have you owned real estate in the last 4 years?
- Do you own stocks, bonds, or investments?
- Have you reviewed your Statement of Intention? Is it accurate?
- Can you sue any other person for anything?
- Have you listed all of your creditors and debts?
- Have you given away any assets?
- Are you holding any property belonging to someone else?
- Is anyone else holding property belonging to you?
- Why did you file for bankruptcy?
Carucci Di Lorenzo, LLC, offers free initial consultations with the exception of domestic cases.
