detroit bankruptcy blog
A 341 meeting will be from 11 USC Section 341 of the Bankruptcy Code and simply put, it is a meeting of your creditors. This hearing will be held at the U.S. Bankruptcy Court, in Downtown Detroit (if you're in the Eastern District of Michigan) is submitted and usually 4-5 weeks after your case. You are required to attend this hearing and the questions That answer made. This meeting is assigned by the Chapter 7 or Chapter 13 trustee to your case and is carried out under oath.
The trustee has the task to find any un-exempt assets, and convert those un-exempt assets for the benefit of your creditors cash. The trustee will Questions about the value of your house to ask the amount due on your homepage where you work, how much do you know what you are doing your own in respect of shares, bonds, 401 (k), etc., and if you read and reviewed the bankruptcy filed and if it is correct. You need to bring a picture identification and proof of your Social Security number with you, or the session will be suspended or dismissed.
Your creditors have the right to participate in this meeting and questions to you regarding your claims They have with them. In reality, your creditors appear unlikely at this meeting. If you are in a Chapter 7, they will not get anything, so they do not want a Attorney to pay to show up to this meeting.
This session usually takes about 5-10 minutes after your case is called. It is simple, quick and painless, and legally prescribed. Of course your Detroit bankruptcy lawyers had represented present with you at the 341 meeting to you. We will fill us with you about half an hour, check before the hand of your petition and prep you for the session, so you are ready to answer the questions. Most of our customers are really surprised how quick and easy way to the meeting, so do not worry too much about the 341 meeting.
Call your Detroit Bankruptcy Lawyers at (586) 439-4297, Extension 0, and set up your free consultation and get your bankruptcy questions answered.
Kevin is a practicing attorney in Mount Clemens, Michigan. He practices in the areas of consumer bankruptcy, criminal defense, drunk driving defense, divorce, child custody, and child support. His blog site is at http://www.johnsonwilk.net. Visit the site and sign up for his free bankruptcy modules.
Common $ense – Bankruptcy 101: When to Consider Filing
