In most cases, you have to answer questions unless they're protected by legal privilege. It's like being part of a game where you have to play by the rules—no backing out.
While it's not a strict requirement, having a lawyer can be a good idea. They can help navigate the ins and outs, much like a guide through a tricky maze.
It can vary, but generally, it won't take too long—often just a few hours. It's like a quick pit stop at a gas station; in and out before you know it.
No, the examination is typically held in a private setting, like behind closed doors. This keeps sensitive financial info from being on display for everyone.
During this examination, you can dig into financial records, bank statements, and other important documents. It's like looking at a treasure map to find hidden assets.
Usually, creditors or interested parties involved in a bankruptcy case can file this motion. It's like being allowed in the clubhouse if you have a stake in the matter.
A Rule 2004 examination is basically a way for creditors to gather information about a debtor's finances. It's like lifting the hood of a car to see what's going on under there.