341 hearing

These are examples of the Trustee’s mandatory questions at a typical Chapter 7 bankruptcy 341 meeting of creditors. The trustee will already have the documents you gave us. He reviews your bank statements and taxes to ensure you didn’t transfer assets to creditors or family just before a bankruptcy filing. He will also check the…

In Chapter 7 or Chapter 13, the bankruptcy trustee conducts the 341 hearing. Although we call it a hearing, it is far more like a deposition. The bankruptcy trustee asks questions about the accuracy of the petition, requests documents, and reviews assets and income. Most people think the bankruptcy trustee is a judge but, that’s…