Personal Bankruptcy and the US Trustee 341 Meeting

Carmichael Bankruptcy Lawyer Advises on the 341 Meeting

How can Carmichael residents Prepare?

You should review all paperwork and be able to discuss your financial situation as it relates to your filing for bankruptcy. If you hire a bankruptcy attorney, they can help you with this and they can also go to court with you. This should help ease your nerves.

What to Expect

Clients are concerned about being embarrassed by the trustee or creditors. A competent bankruptcy attorney will ensure that your application is prepared thoroughly and you are prepared for the meeting so this does not happen.

After you’re put under oath, the trustee asks you questions relating to their bankruptcy, including those concerning debts and assets. At this time, creditors, who have been informed of the date, may be present. The creditors may question you. Your lawyer will be there to represent you.

After the hearing, you may be approached by creditors seeking to make some sort of payment arrangement. You do not need to talk with them and you should refer them to your bankruptcy lawyer. That person should handle all legal matters. Your lawyer may find that it’s worthwhile negotiating with a creditor or two.

Keep your Bankruptcy in Perspective

As I tell my clients throughout Northern California, from Oakland  to Carmichael, their fear concerning their 341 meeting is natural. Very few people ever want to go to this meeting and most people file for bankruptcy once, which means they are often intimidated by what they don’t know. When clients come to my Sacramento office to discuss either Chapter 7 or Chapter 13 Bankruptcy, I always try to help them keep the process in perspective, taking it a step at a time.

Please contact our bankruptcy offices in California, serving Sacramento, Oakland, Santa Clara, San Francisco and other communities in Sacramento County, at info@california-bankruptcyattorney.com or at 888-589-1977 if you have any questions regarding bankruptcy.