SAMPLE QUESTIONS E CREDITORS ASK AT YOUR 341 MEETING OF CREDITORS. e creditors en have a chance to enter eir appearance and question you. Usually Sears, ds. Lowe’s, Helzberg Diamonds and Best Buy will have someone at e hearing. e local banks and lending institutions have someone appear. 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. 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. 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. 19, · Creditors occasionally ask more specific questions about your personal finances during e meeting. When Is e 341 Meeting Scheduled? Once an individual or business has filed for Chapter 7 bankruptcy, e court clerk in your district will schedule a meeting of creditors. e court will notify you of e meeting by sending a letter to e. Free Consultation - Call (813) 258-2808 - Christie D. Arkovich is dedicated to serving our clients wi a range of legal services including Chapter 13 Bankruptcy and Chapter 7 Bankruptcy cases. Sample Trustee Questions at your 341 Meeting of Creditors - Tampa Chapter 13 Bankruptcy Lawyer. 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. 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. 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. 04, · Once e meeting of creditors is over in your Chapter 7 bankruptcy case, you're pretty much done. You filed for Chapter 7 bankruptcy. 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. Creditor questions during meeting of creditors I would like to know what are e most common questions asked by creditors during e 341 meeting (if e creditor sends a representative). Assume e debtor is filing wi out an attorney. 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. 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. 04, · 5. A creditor shows up to make trouble. is can be anyone from a big bank*s attorney to an ex-boyfriend. Depending upon e creditor*s level of sophistication, e 341 Meeting can get ugly. Bank attorneys will simply ask questions just like e trustee did, but non-lawyer creditors might not know much about bankruptcy and how e process works. 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 e Bankruptcy Code. 06, 20 · e meeting of creditors is also called e trustee’s meeting and e 341 meeting (after section 341 of e bankruptcy code which compels e meeting). is notice informs e creditor, among o er ings, at e debtor has filed a bankruptcy. of contact information for e debtor’s attorney and e trustee assigned to e case. and of. Sample Questions for Bankruptcy Creditors Meeting. e Creditors’ Meeting is actually called a First Meeting of Creditors and controlled by 11 U.S.C. §341 of e Bankruptcy Code. e following is a sample of e some of e questions which be asked at e §341(a) Meeting of Creditors. 23, · Questions to answer at your Meeting of Creditors (Also known as 341 Meeting) uary 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). 04, · What Are Common Questions asked at a Bankruptcy 341 Meeting? Washington State Bankruptcy clients often want to know what kinds of questions ey will be asked at e required court meeting wi e bankruptcy trustee which is called e meeting of creditors . e meeting usually takes place about 4 weeks after e bankruptcy case was filed. At e meeting, you’ll provide proof of identification and answer questions about your bankruptcy filing. Your participation will likely last less an ten minutes. Timing and Location of e Meeting of Creditors. e court will set e meeting of creditors between 21 and 40 days after your bankruptcy filing date.Au or: Cara O'neill, Attorney. e Act stipulates ree matters for all meetings of creditors in any insolvency procedure. e venue must have regard to e convenience of e creditors. all meetings must commence between .00am and 4.00pm on a business day. proxy forms must be sent out wi every notice summoning a meeting of creditors. 17, · Creditor Questions Businesses Can Expect at e Creditor Meeting. Creditors rarely show up, but ey can also ask questions. Creditor questions are limited to e business's finances and conduct. at said, a creditor will likely use e meeting as a fact-finding mission and inquire about financial practices at could open e door to a fraud. ese are e Trustee questions at a Chapter 7 bankruptcy 341 meeting of creditors. e Trustee will already have e documents you gave us. He reviews your bank statements and taxes to ensure you didn’t give creditors or family money or assets just before filing. He will also review e mortgage and car titles to make sure liens are correct. 30, · e Chapter 7 Meeting of Creditors (a/k/a e 341 meeting) takes place about a mon after e case is filed. At is meeting, e trustee assigned to e case asks questions of e filer relating mostly to assets and transfers. Most of e questions are a review of information already provided in e filed bankruptcy papers. 341 Meeting of Creditors. ember 4, . View Calendar. ember 9, All day. 341 Meeting of Creditors List. previous Conciliations. next Conciliations. Correspondence Address. US Steel Tower Suite 3250 600 Grant Street Pittsburgh, PA 15219. Office Hours. Monday – . 06, · us, ese aren’t e only questions trustees ask debtors during e 341 meeting, but ey are e ones e trustee is required to ask by statute., which ey do in some form or ano er. For more questions trustees ask read is post about what will happen at your 341 meeting of creditors . SAMPLE QUESTIONS FOR 341 Hearing APPENDIX C SECTION 341(a) MEETING OF CREDITORS REQUIRED STATEMENTS/QUESTIONS. State your name and current address for e record. 2. Please provide your picture ID and Social Security number card for identification. If e documents are in agreement wi e ' 341(a) meeting notice. 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. is video is about what you should do after e Chapter 7 341meeting of creditors. One of e most nerve-wracking parts of filing Chapter 7 bankruptcy is . Wi Chapter 13, ere is e 341 Meeting of Creditors plus e Confirmation Hearing to approve your bankruptcy repayment plan. e Trustee is e one at ultimately ides whe er your bankruptcy case will be a success, so it’s important at when e Trustee asks you questions. 27, · Notice of meeting e Chairperson confirmed at e notice of meeting was posted to all known creditors of e Companies on 7 pursuant to rules 75- to 75- 25 of e IPR and tabled his circular to creditors and a Statement in Writing of. Telephonic Meetings of Creditors. All 341 meetings will be held telephonically. Follow instructions for date, time, and conference lines provided in Court Notice of Bankruptcy Case. Bring Documents. Debtors should have eir bankruptcy documents available during e meeting of creditors in e event ere are questions about e information. e meeting of creditors is a public meeting. Of all of e ings at people dread when filing bankruptcy, e meeting of creditors is near e top of e list. ey expect creditors to show up and accuse em of being deadbeats and embarrassing em in public. e meeting of creditors is in no way an opportunity for creditors to shame. 07, · What exactly is a 341 Meeting of Creditors? An 11 U.S.C. 341(a) Meeting of Creditors (aka 341 meeting), provides a forum for creditors and parties-in-interest to ask e debtor questions under oa about e debtor's financial affairs. Section 341 of e Bankruptcy Code requires at every debtor personally attend a meeting of creditors (sometimes also called 341 meeting or creditors meeting ) and answer questions under oa. Meetings of creditors usually are conducted between 21 and 60 days after e petition is filed and are held at a number of locations. Frequently Asked Questions (FAQs) Pro Bono. Bankruptcy Petition Preparers. Creating a List of Creditors. Forms. National Forms. Local Forms. Rules. Federal Rules. Local Rules. Orders. You are here. Home. First Meeting of Creditors. Chapter 13 11-03- Chapter 13 11-04- Chapter 13 11-05- Chapter 13 11-06- Chapter 13 11- -. 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. 27, · You might be able to agree to pay e creditor $900 for e TV and are allowed to keep it. As part of your bankruptcy, you must make ese isions prior to filing and submit a statement of intent at e beginning of e bankruptcy. You en have 30 days after e meeting of creditors to follow rough on your intention for e property. 28, · 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 Meeting of Creditors go quickly and smoo ly. Below is a list of trustee questions. Questions 1-15 are commonly asked. 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, · e meeting of creditors is e one time everyone filing for bankruptcy has to go to court to answer questions from eir trustee. Naturally, it’s often e most stress inducing part of e entire case for e filer. Let’s take a look at what to expect at your creditors’ meeting, and, importantly, some of e ings at can go wrong at e meeting (and how to avoid em). e meeting of creditors is somewhat of a misnomer, as creditors rarely show up at ese hearings. e purpose of e hearing is to allow e trustee and creditors to ask questions about your assets, debts, and financial circumstances. Creditor Questions at e 341 Meeting. If any creditors appear at e meeting, e trustee will invite em to ask questions, as well. ey rarely appear, but when ey do, creditors are limited to asking questions about e debtor’s finances. If ere isn’t enough time for e creditor to ask all questions, e trustee might agree.