If you file for Chapter 7 or Chapter 13 bankruptcy, you must attend a 341 Meeting of Creditors at the federal courthouse. This is a hearing with the trustee, and any creditors are invited to attend, though usually they decline to. You will be put under Oath and asked to produce a photo I.D. and social security card. Then the trustee will ask you some questions. Here are some sample questions that a trustee might ask.
1. Are you personally familiar with the information contained in the petition, schedules, statements and related documents? To the best of your knowledge, is the information contained in the petition, schedules, statements, and related documents true and correct?
2. Are all of your assets identified on the schedules?
3. Have you listed all of your creditors on the schedules?
4. Have you previously filed bankruptcy?
5. What is the address of your current employer?
6. Is the copy of the tax return you provided a true copy of the most recent tax return you filed?
7. Do you have a domestic support obligation? To whom? Please provide to me the claimant’s address and telephone number, but do not state it on the record.
8. Have you made any transfers of any property or given any property away within the last one year period?
9. Do you have a claim against anyone or any business?
10. Does anyone owe you money?
11. Do you own an automobile?
12. If you do not own an automobile, how do you get around?
The questions that the trustee will ask you will most likely pertain to your specific circumstance, as outlined in your schedules. Your bankruptcy attorney will attend with you, so if you do not know the answer to a question or are confused, your attorney will be able to help you. It is important, as when filing, to be honest in your answers. The 341 Meeting usually only takes around 10 minutes per person. To contact a Jacksonville Bankruptcy Attorney today for a free consultation, call 904-685-1200.