Texas Procedures for Obtaining Relief from Requirement to Attend 341 Meeting of Creditors
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Your trustee can ask you about your assets, income, expenses, and anything else relevant to your bankruptcy paperwork. Their main job is to make sure everything on your paperwork is correct, including the exemptions you claimed. Creditors can also show up to ask questions at this meeting, but they rarely do.
The Court enters an order discharging individual Debtors after all requirements are met, but no sooner than the last day to object to the Debtor's 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.
You Must Tell The Truth At The 341 Meeting Of Creditors. The Trustee and any creditor or other party in interest is entitled to ask questions regarding your assets and liabilities, as well as any questions that are relevant to the administration of the bankruptcy case, or your right to a discharge.
341 Meeting Questions the Bankruptcy Trustee Might Ask Along with the mandatory questions, trustees typically ask about your property and other assets, income, expenses, and debts. Other areas will include discrepancies in your bankruptcy forms and how you came up with a value for various property items.
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.
A Chapter 7 or 13 Trustee will ask you basic questions many that are listed below. Creditors usually do not show up for this meeting. Any of your testimony will be recorded and used against you if there is a dispute.
Creditors usually do not show up for this meeting. Any of your testimony will be recorded and used against you if there is a dispute. Your answers must be brief and direct.
Your creditors will ask you questions about your present and past financial situation, business dealings, and property that you own.