Be Prepared to Answer Honestly

Have you thought about how you will be interrogated during the meeting of creditors? You’ve probably filed for bankruptcy recently due to your financial struggle and inability to pay off the debt you owe. If you filed for Chapter 7, you will be asking the court to discharge you from your debts; with the exception of student loans, child support, court fees and other non-dischargeable debts. If you filed for Chapter 13, you will be discussing the payment plans which will have to be paid in between 3 to 5 years. There are a few questions you will be asked in the meeting of creditors, and they will be the following:

• What’s the reason behind your financial struggle?
• Is anyone holding something you own?
• Have you used any credit card last year?
• Have you ever filed for bankruptcy before?
• Have you filed for tax returns in the last four years?
• Is anyone currently owing you money?
• Are you expecting inheritance in the next year?
• Do you own a car?
• Did you own a business in the last six years?
• Did you keep any credit cards?
• How much did you pay for your house?
• When did you buy your house?
• Were you personally injured or have you had any accidents in the last two years?

These are just a few of the questions you will be asked at the bankruptcy court. It is possible that not every question will be asked, and you do not have to memorize all of them, but you should be prepare to be honest and ask your attorney any questions that you may have. After the meeting, your trustee might ask for more information to be sent to his/her office, and you should notify your attorney immediately. If there is no adversary proceeding filed against you, then you will receive a Notice of Discharge in the mail in about a month and a half. To ensure the meeting of creditors at the Bankruptcy Court goes smoothly, you should contact an attorney you can trust, call today!

Bankruptcy Court | Meeting of Creditors