Orland Park Bankruptcy Attorney Depicts The Meeting Of Creditors

The Meeting of Creditors is a very routine hearing.  What happens in the Meeting of Creditors is that your case is assigned to a trustee who is going to ask you a few questions just to make sure you are the person who filed your petition and that there is nothing you need to add.  It is not really an adversarial meeting at all.  They are not out to get you, they are not going to ask you trick questions.  Really, they are just there to make sure you know you filed bankruptcy, to clear up any discrepancies in your documents and to make sure that all of the information is true and correct.  Also, this gives an opportunity for you to swear under oath to the truth and accuracy of everything in your petition. 

A third-party who may appear at your 341 meeting is someone from the US Trustee’s office.  This is nothing to be concerned about as most likely they are just here to clear up a discrepancy or get some further explanation about something listed in your documents.  The Chapter 7 trustee will ask you questions like did you review your document before you sign them?  Did you pay your attorney in full before you filed your case?  Do you owe anyone or does anyone owe you any money?  Do you have a winning lottery ticket?  Do you stand to inherit any money?  And then they will simply go through your property and your job to make sure all of that information listed in your bankruptcy documents is true and correct.  This meeting should be that long and should be a really stress-free situation.