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What Sort of Questions Does the Trustee Ask in A 341 Meeting?
The questions involve broad information in your petition, including assets, debts, income, expenses and transfers or transactions. This is one of the differences between a 341 meeting in a chapter 7 and a chapter 13. In a chapter 7 341, the chapter 7 trustee is really more interested in assets and less interested in income and expenses.
Read MoreWhat Services Do You Offer Clients that Are Considering Bankruptcy?
We represent people and businesses in both Chapter 7 and 13 bankruptcy cases. We meet with people and businesses to counsel them on their debt resolution options so that they can make an informed choice on whether bankruptcy can help them meet their goals.
Read MoreHow Do I Stop or Postpone the Foreclosure of My House?
In general, you have 4 options in order to delay the date of the foreclosure sale and which one you choose depends on what you wish to accomplish, the first 3 I’ll mention assume you wish to keep the house, the last option assumes you wish to let the house go, but stay in it as long as possible:
Read MoreWhat Are the Specific Duties of A Trustee in A Bankruptcy?
The trustee has a duty to conduct due diligence, and that basically means reviewing the documents that are filed by the debtor and then holding a hearing called a Section 341 hearing in which the trustee asks some standard questions of the debtor.
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