Category: Meeting of Creditors
-
Don’t Forget Your Social Security Card
There is a lot to remember during the bankruptcy process. A very important part of each bankruptcy is the Meeting of Creditors. Are you prepared for yours? Bankruptcy Meeting of Creditors At your Meeting of Creditors (sometimes called a 341 Hearing by attorneys), you will be asked some questions. The questions are about your bankruptcy papers and…
-
What is a Notice of Filing Report of No Distribution?
I am often asked about what a “Notice of Filing Report of No Distribution.” Almost all Chapter 7 debtors will receive such a notice in their Chapter 7 Bankruptcy case. It is an important document that has big implications for your bankruptcy. As I discussed a few weeks ago, some Chapter 7 cases are “asset”…
-
4 Surprising Questions You Might Be Asked at Your Bankruptcy Hearing
For most debtors, the bankruptcy hearing is the most daunting part of the bankruptcy process. Whether you are filing Chapter 7 or Chapter 13 bankruptcy, each debtor is required to appear in court for a “meeting of creditors.” As I have discussed in the past, the meeting of creditors is an opportunity for the Bankruptcy…
-
521 Documents: What You Need to Know
Before your Meeting of Creditors, also known as a 341 hearing, a debtor is required to provide certain documents to the Bankruptcy Trustee assigned to his or her case. These required documents are commonly referred to as “521 documents” because the requirement is listed in a few parts of 11 USC § 521. Let’s start…
-
Top 5 Tips to Read Before Your Bankruptcy Meeting of Creditors
A debtor in a typical Chapter 7 bankruptcy will only have one bankruptcy hearing before his or her bankruptcy discharge. This is known as the “meeting of creditors,” sometimes called a “341 hearing.” The meeting of creditors is an opportunity for the Bankruptcy Trustee and your creditors to question you under oath about your bankruptcy…