About the Meeting of Creditors in Bankruptcy
Hire a Jacksonville Bankruptcy Lawyer for Your 341 Hearing
As bankruptcy attorneys, we understand the level of discomfort that most
individuals feel when it comes to discussing their financial difficulties.
Even in the confidential environment of our office, it's not uncommon
for some of our clients to experience trepidation when talking about the
reasons that brought them in. That's why the 341 hearing, or "meeting
of creditors," can be intimidating to bankruptcy petitioners.
Fortunately, you don’t have to face this alone. When you work with
Owenby Law, P.A., we can guide you through all stages of the bankruptcy
process, including your 341 hearing. Whether you are filing for
Chapter 7 or
Chapter 13 bankruptcy, you can count on our knowledgeable bankruptcy lawyers to handle all aspects
of your case. Contact our firm today to take the first step toward a debt-free future.
Complimentary consultations can be requested online or by calling us at (904) 770-3141!
What Is the Purpose of a 341 Hearing or Meeting of Creditors?
When you file for Chapter 7 or Chapter 13 bankruptcy, the court will assign a
bankruptcy trustee to oversee the process. One of his or her first orders of business
will be to call the 341 meeting. At this meeting, your creditors and lenders,
their lawyers, and your trustee will be able to ask you questions about
your financial situation. You will be under oath for the process, but
your bankruptcy attorney will be able to attend as well.
Many of our clients—particularly the ones who have had a rough time
with collectors—are often afraid that the 341 hearing will degenerate
into an adversarial interrogation. This is not the case. The purpose of
the 341 hearing is for your creditors and the trustee to gather information.
Our Jacksonville bankruptcy attorneys know how to protect our clients'
rights during 341 hearings. You will not be
intimidated or harassed.
Typical Questions Asked at 341 Hearings
At Owenby Law, P.A., we attend all of our clients' 341 hearings to
ensure that their legal rights are protected. As our client, you can also
feel peace of mind in knowing that you will be well-prepared by our attorneys
for the questions you will be asked at your meeting of creditors. Because
the objective is to learn more about your personal finances, the questions
asked during 341 hearings are generally geared in that direction.
Some common questions asked by creditors and trustees at these meetings are:
- Have you listed all of your assets and liabilities in your documents?
- Does your spouse have any assets that aren't listed?
- Is all of the information that you have provided true?
- Is this your first time filing for bankruptcy?
- Why have you decided to file for bankruptcy?
- Have you repaid any relatives or close friends in the last year?
- Do you or have you ever owned a business?
- Do you owe child support, alimony or domestic support?
- Does anyone else hold property that belongs to you?
Discuss Your Case with Our Jacksonville Bankruptcy Attorneys
If you are intending to declare bankruptcy under Chapter 7 or Chapter 13,
a meeting of creditors is inevitable. Why not utilize the services of
Florida's premier bankruptcy lawyers? Owenby Law, P.A. proudly serves
clients throughout the Jacksonville area, including Clay, Duval, St. Johns
and Nassau Counties. We offer comprehensive legal services for all bankruptcy-related
matters, including 341 hearings, so don’t wait to contact our firm.
For high-quality legal representation,
contact the team at Owenby Law, P.A. without delay.