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The Court enters an order discharging individual Debtors after all requirements are met, but no sooner than the last day to object to the Debtors Discharge. This is usually 60 days after the 1st setting of the 341 Meeting of Creditors unless a motion is filed with the court to extend that time.
What happens at the meeting of creditors for bankruptcy?
Every debtor is required to appear at a creditors meeting conducted by a trustee who asks the debtor questions about the debtors financial condition and gives creditors the opportunity to do the same.
What happens at a bankruptcy creditors meeting?
LET US HELP YOU PREPARE FOR YOUR 341 MEETING State your name and address. Have you reviewed the Bankruptcy Information Sheet? (This information sheet was given to you at the time of filing. Have you moved since you filed your bankruptcy? Did you sign your bankruptcy schedules?
What disqualifies you from filing bankruptcies?
As a result, concealing assets, making fraudulent transfers within one year of filing, destroying financial records or lying on bankruptcy forms will typically disqualify your case and could potentially result in criminal charges.
What happens if you miss your 341 meeting?
Failure to attend the Section 341 meeting without the prior agreement of the Chapter 13 Trustee or the Bankruptcy Administrator, as applicable, may result in the filing of a Motion to Dismiss the case by the Trustee or the Bankruptcy Administrator.
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What questions are asked at a meeting of creditors?
Its fine. They are only confirming what is put in the petition,thats it. Its not to talk about the debt, just what you have as assets and making sure its correct.
Should I be worried about my 341 meeting?
A) Purpose of 341(a) Meeting - Soon after a bankruptcy case is filed, a meeting is held so that creditors and the trustee can ask questions about the debtors financial situation.
Related links
UNITED STATES BANKRUPTCY COURT
Deadline to Object to Exemptions: Thirty (30) days after the conclusion of the meeting of creditors. Creditors May Not Take Certain Actions: The filing of the
Meeting of Creditors. A meeting of creditors is scheduled for the date, time, and location listed on the front side. The debtor (both spouses in a joint case)
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