If you are concerned about the questions that will be asked during your bankruptcy Meeting of Creditors, you shouldn’t be. Most of the questions will be extremely simple and straightforward. They will likely be considerably easier to answer than the questions that you answered during your bankruptcy consultation. However, there are some questions that occasionally confuse people. These questions are included in this blog post to give you some sense of what the Meeting of Creditors will be like. The Danville, IN bankruptcy lawyer, Chris Arrington, discusses the 341 meeting of creditors and the questions you are likely to be asked during the meeting.
The questions asked are generally simple
During the 341 Meeting of Creditors, the bankruptcy trustee will ask you several questions. The vast majority of these questions are incredibly simple. One common example: What is your full name? Most folks do not have an issue answering this question. This is the first question that you are asked by the bankruptcy trustee. The next question is generally: Do you still live at the same address as when you filed your case a month ago?” Most of the questions won’t pose any serious problems or intimidate you.
After asking these questions, the bankruptcy trustee will generally switch over to financial questions. These questions are also simple, and you can answer them with either a “yes” or a “no.” The trustee will ask if you currently own any form of real estate, how many cars you own, and then follow up with other basic financial questions.
Potentially confusing questions
In some cases, individuals are occasionally confused by a few questions that the bankruptcy trustee will ask during the Meeting of Creditors. For example: Have you read the Bankruptcy Information Sheet provided by the United States Trustee?” If you are confused about this, please know that you should simply answer “yes” to this question. Your attorney will have you read the Bankruptcy Information Sheet and have you sign a statement saying that you read it. In some cases, an individual may forget that they signed the sheet or do not know specifically what the bankruptcy trustee is asking.
Another question that may give you pause is: What is the address of your current employer? A lot of people do not have this information on hand or cannot remember where their employer’s address is. It is a good idea to try to memorize your employer’s address before the 341 Meeting of Creditors so that you can answer this question without having to look it up.
The trustee may also ask you specific financial questions. Remember, your attorney will be there with you to guide you through the process. Your attorney will help you answer any questions you cannot answer off the top of your head.
Talk to a Danville, IN Bankruptcy Attorney Today
Chris Arrington represents the interests of Danville, IN residents who need to file for bankruptcy. Call our office today to schedule an appointment, and we can begin discussing your next steps right away.