Making It through Meeting of the Creditors in Chapter 7 Bankruptcy

An important meeting during
Chapter 7 bankruptcy proceedings includes the 341 meeting, also known as meeting of creditors
or trustee’s meeting. As long as you provide honest and accurate details
about your finances you should be fine. Some debtors are known to get
nervous about the meeting, but having experienced legal representation
can help you get a general idea of what to expect. The good news is the
process may not be as difficult as you think, yet there are a few things
you can do to help make things easier.

  • Your attorney will be with you during the meeting. You may not actually face a judge but more likely meet with the U.S.
    Trustee who ensures both the debtor and the creditor have a fair opportunity.
  • Try to relax, be courteous and calm when answering questions. Take time to listen to what is being asked before answering. Keep this
    in mind since most questions asked to debtors are similar in nature, but
    they may be adjusted somewhat to accustom your situation.
  • Try to avoid providing unnecessary information that is not asked. In short, avoid rambling; just answer questions to the best of your knowledge
    without providing a long extended answer. Some people who are nervous
    may feel they need to provide additional information to justify their
    answer when it may have you looking guilty.
  • Just tell the truth; plain and simple. Your testimony is recorded under oath. If you provide false information,
    incomplete information, or are dishonest about your situation, this may
    lead to bankruptcy fraud charges.


Contact a bankruptcy lawyer