What happens after 341 creditors meeting?

The Court enters an order discharging individual Debtors after all requirements are met, but no sooner than the last day to object to the Debtor's Discharge. This is usually 60 days after the 1st setting of the 341 Meeting of Creditors unless a motion is filed with the court to extend that time.

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Texas Procedures for Obtaining Relief from Requirement to Attend 341...

Texas Procedures for Obtaining Relief from Requirement to Attend 341 Meeting of Creditors

Name: Texas Procedures for Obtaining Relief from Requirement to Attend 341 Meeting of Creditors
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Texas Bankruptcy - Official - Southern District

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Texas

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TX-MT-526

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Procedures for Obtaining Relief from Requirement to Attend 341 Meeting of Creditors

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Your creditors will ask you questions about your present and past financial situation, business dealings, and property that you own.

Creditors usually do not show up for this meeting. Any of your testimony will be recorded and used against you if there is a dispute. Your answers must be brief and direct.

A Chapter 7 or 13 Trustee will ask you basic questions many that are listed below. Creditors usually do not show up for this meeting. Any of your testimony will be recorded and used against you if there is a dispute.

Failure to attend the Section 341 meeting without the prior agreement of the Chapter 13 Trustee or the Bankruptcy Administrator, as applicable, may result in the filing of a Motion to Dismiss the case by the Trustee or the Bankruptcy Administrator.

341 Meeting Questions the Bankruptcy Trustee Might Ask Along with the mandatory questions, trustees typically ask about your property and other assets, income, expenses, and debts. Other areas will include discrepancies in your bankruptcy forms and how you came up with a value for various property items.

You Must Tell The Truth At The 341 Meeting Of Creditors. The Trustee and any creditor or other party in interest is entitled to ask questions regarding your assets and liabilities, as well as any questions that are relevant to the administration of the bankruptcy case, or your right to a discharge.

The Court enters an order discharging individual Debtors after all requirements are met, but no sooner than the last day to object to the Debtor's Discharge. This is usually 60 days after the 1st setting of the 341 Meeting of Creditors unless a motion is filed with the court to extend that time.

Your trustee can ask you about your assets, income, expenses, and anything else relevant to your bankruptcy paperwork. Their main job is to make sure everything on your paperwork is correct, including the exemptions you claimed. Creditors can also show up to ask questions at this meeting, but they rarely do.

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Within a reasonable time after the order for relief in a case under this title, the United States trustee shall convene and preside at a meeting of creditors. Everyone who files for Chapter 7 bankruptcy, both individuals and businesses alike, must attend a hearing called the 341 meeting of creditors.What is the 341 meeting of creditors in bankruptcy? Read it or Call bankruptcy attorney Michael Ziegler for a FREE initial consultation: (727) 538-4188. You and your attorney (if you have one) must fully complete the one-page Zoom Registration Form ("Registration Form") found below. The court may decide whether notice is to be given and how it is to be given. At the 341 meeting (also called the creditors' meeting), the trustee will ask about your bankruptcy forms, property, debts, and more. Whether you file for bankruptcy under Chapter 7 or Chapter 13, you will need to attend the meeting of creditors. Section 341(a) of the Bankruptcy Code provides that "the United States Trustee shall convene and preside at a meeting of creditors. When filing for bankruptcy, it is one of the requirements to attend the 341 Meeting of Creditors other than taking a credit counseling course.

Texas Procedures for Obtaining Relief from Requirement to Attend 341 Meeting of Creditors

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