341 Meeting of Creditors
Seasoned Bankruptcy Attorney in Irvine, CA
If you are filing for
bankruptcy, you may have to attend a meeting of creditors, also called a 341 hearing.
At this hearing, you will be speaking with the trustee in your bankruptcy
case, as well as any possible creditors with questions about your case.
If things go smoothly, you can expect the meeting to be over in less than
15 minutes. To ensure the hearing is handled correctly, contact our team
of bankruptcy attorneys at
Peter Rasla & Associates, P.L.C.
What Do I Do in a 341 Meeting of Creditors?
The trustee appointed to your bankruptcy case has the task of getting your
creditors paid as much as possible. They will do this by ensuring all
of your assets are listed and that your reported income is accurate. It
is important to be honest in this hearing, so if you discover additional
assets or unreported income beforehand, tell the trustee immediately.
In a typical 341 meeting, you can expect:
Sworn under oath: Although you are probably going to be in a boardroom, the trustee will
likely have you sworn in under oath in a way similar to a courtroom.
Document inspection: From your Social Security card to your recent bank statements, the trustee
will closely analyze your relevant documentation.
Creditor inquiry: Creditors generally show up to the meeting due to questionable circumstances,
such as recent cash advances or differences between identical reports.
Based on the findings, the creditor may attempt to determine if you acted
with the intent to commit fraud.
Get Professional Help – Contact Us Now
While a 341 meeting of creditors can be over quickly, the repercussions
of showing up underprepared can be massive. Do not take any chances with
your bankruptcy case. With nearly 20 years of experience, our firm is
committed to protecting your best interests.
Reach out to us at Peter Rasla & Associates, P.L.C. today to ensure
every step goes correctly – your
free consultation awaits!