Most debtors want to know the types of questions the bankruptcy trustee will ask at the 341 creditors meeting. In this article, we explain:
You'll find a link to the official list of 341 meeting of creditors questions at the end of the article.
Before you can receive a discharge wiping out qualifying debt in bankruptcy, you must be examined under oath by a bankruptcy trustee at a hearing called the meeting of creditors or 341 hearing.
At the creditors' meeting, the bankruptcy trustee and any interested creditors can ask questions about your bankruptcy papers and financial affairs while you are under oath. The trustee's job is to ensure you aren't abusing the bankruptcy system or lying on your bankruptcy petition. Usually, your creditors' meeting will only last a few minutes.
Yes. The trustee will ask you simple questions to ensure everything in your bankruptcy petition is complete and accurate. The trustee is required to ask standard questions of each debtor but might also ask specific questions about your case.
The trustee can ask you about anything that could affect your bankruptcy. Because your bankruptcy is directly related to your financial situation, most questions involve your debts, assets, income, and expenses. The trustee will also look for other information that could increase recovery for your creditors.
If the information in your bankruptcy petition doesn't match your supporting documents, such as tax returns and paystubs, the trustee will question you about the discrepancies.
The questions you'll be asked are somewhat predictable because trustees must ask about particular areas. The following are some of the most common trustee questions you'll be asked at the meeting of creditors:
Would you like to see the specific questions you'll be asked? Here's where you'll find the official 341 meeting of creditors questions.
The trustee will ask about any part of your bankruptcy case that appears unusual. Your bankruptcy lawyer will likely be able to predict specific questions the trustee might ask and, in many instances, resolve issues before the meeting takes place.
Did you know Nolo has been making the law easy for over fifty years? It's true—and we want to make sure you find what you need. Below you'll find more articles explaining how bankruptcy works. And don't forget that our bankruptcy homepage is the best place to start if you have other questions!
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We wholeheartedly encourage research and learning, but online articles can't address all bankruptcy issues or the facts of your case. The best way to protect your assets in bankruptcy is by hiring a local bankruptcy lawyer.