When you file a Chapter 7 or Chapter 13 bankruptcy case, you are required to appear, testify under oath, and answer questions by the trustee and creditors at the 341(a) meeting, also called the “meeting of creditors.” The meeting is scheduled approximately 40 days after your bankruptcy petition is filed with the court. The meeting is presided over by the trustee assigned to the case and he or she typically asks the majority of the questions. A failure to appear may result in your case being delayed or even dismissed.
Your lawyer and/or the trustee will provide you with information regarding what you will need to bring to the meeting of creditors, but below are a few general tips:
- Documents. You must bring a government issued form or identification (such as your driver’s license or passport) and proof of your social security number (original social security card, or an employer issued W-2).
- Preparation. It is in important to be on time, dress appropriately, review your bankruptcy filings before the meeting, be prepared to answer questions and try not to ramble.
- Honesty. The trustee will ask you to verify your bankruptcy pleadings are true and correct and to answer questions regarding your assets and debts. You should always tell the truth and make full financial disclosure.
No two 341 meetings are identical, but the majority of them are fairly casual and simple. You may have several creditors appear to ask questions, but in almost every case no creditors appear. Your bankruptcy attorney will attend the meeting of creditors with you and help ensure that it goes as smoothly as possible.
If you live in Wisconsin and you are considering filing for bankruptcy protection, call DeLadurantey Law Office, LLC at 414-377-0518. We serve clients primarily in the areas of Chapter 7 and 13 bankruptcies, debt negotiations and defending foreclosure actions. Let us help you explore your debt relief options and ways to restore your good credit.