When it comes to filing bankruptcy, one of the things people stress about is the 341 meeting of creditors. You likely have many questions about facing your creditors in a hearing. The best action you can take is to consult with a skilled legal professional.
The bankruptcy attorneys at The Law Office of Jack G. Lezman can walk you through the process and stand by your side at the meeting of creditors. Call us today at 704-544-8202 to find out how we can help you.
1) Do You Have to Attend the Meeting of Creditors?
Yes, in most situations, you will have to be present at the 341 meeting of creditors. Although your attorney can appear on your behalf at most other hearings, you will actually have to attend the meeting of creditors. You may have your attorney present, and they can help you answer questions.
If you are anxious about attending the meeting, your attorney can help you prepare. There are many common questions that will be asked, and your attorney can make sure you’re comfortable with answering them.
2) How to Prepare for a Meeting of Creditors
Although every meeting of creditors is a little different, they all follow a specific process. You can be prepared by bringing certain documents and reviewing all information you’ve submitted in your bankruptcy paperwork.
You should bring a photo ID issued by the government, such as your driver’s license, state ID, or military ID. Also, make sure to bring a document that verifies your Social Security number, such as your SS card or a W2 statement. You may also bring copies of income records, tax statements, vehicle titles, and mortgage or rental contracts. You should have copies of all bankruptcy documents you have submitted to the court as well.
Keep in mind that you cannot bring a cell phone, laptop computer, or tablet with you. Meet with your bankruptcy attorney before the meeting of creditors to make sure you’re completely prepared.
3) Where Is the Meeting of Creditors Held?
Official hearings for your bankruptcy will be held in a courtroom at the Federal Courthouse in the district where you filed bankruptcy. However, your meeting of creditors will not be in a courtroom in front of a judge. Instead, it will be held in a meeting room, which will likely be at the courthouse.
In some situations, your attorney and trustee may agree to meet at a formal location away from the courthouse. You should be notified of the exact location several weeks before your meeting of creditors. You can also ask your attorney where the meeting will be held.
4) Who Will Attend the Meeting of Creditors?
A judge will not be present at your meeting of creditors. Instead, your bankruptcy trustee and any creditors who wish to attend will join you and your attorney in a meeting room. The trustee will guide the hearing, asking questions and presenting information. Creditors, who do not usually attend, may make statements and ask questions as well. It’s not common for creditors to attend unless they suspect fraud or wrongdoing.
5) Do You Need an Attorney at a Meeting of Creditors?
It’s important to have a bankruptcy attorney on your side at the meeting of creditors. You may be asked many questions that you’re unsure of how to answer. An attorney can help you make statements and answer questions thoroughly in a way that presents your information accurately.
Contact The Law Office of Jack G. Lezman Today
At The Law Office of Jack G. Lezman, we understand that you may be apprehensive about your situation and need help presenting information to a trustee and creditors. Call us today at 704-544-8202 to speak to an experienced bankruptcy attorney.