4 Tips for Your Meeting of Creditors




If you file for Chapter 7 bankruptcy in Orlando (or anywhere else), you will be expected to attend an important gathering called the “meeting of creditors” or the “341 hearing.” This is when you will have a chance to give your official testimony to the bankruptcy trustee that was assigned to your case. It’s known as the meeting of the creditors because your creditors are allowed to attend and ask questions, although they do not in most cases. These meetings are typically held in a federal building, and your attorney will be present to guide you through.

Many people who file for bankruptcy are nervous about this hearing, but with the right preparation, you can approach your creditor meeting calmly and with confidence. Here are a few tips to help you get ready:

  1. Bring all your paperwork

It’s important that you arrive at your hearing with any and all required documents. While your Orlando bankruptcy attorney will have copies of your filing forms, you should plan to bring your driver’s license or other state I.D., proof of SSN, tax statements, pay stubs, and anything else your lawyer asks you to.

  1. Plan to arrive early

Showing up late to your hearing is a big no-no, so make sure you leave plenty of time to arrive at the correct location. Sometimes it takes a few minutes to find parking and get to the right room number, so give yourself more time than you think you need. Often, you will meet with your attorney before the hearing, so be respectful of their time as well.

  1. Don’t talk more than necessary

During your 341 hearing, the bankruptcy trustee will ask you a series of questions, pertaining to your reasons for filing, the values of your remaining assets, and other related topics. It’s best to stay on course, and not give long-winded explanations for your position. Answer the questions truthfully and concisely, and let your attorney do the rest.

  1. Stay relaxed

Bankruptcy is often a very stressful time for people, but it’s important to stay as calm and collected as possible during your hearing. Refrain from lying, exaggerating, shouting, crying, or behaving in any way that could be perceived as threatening or unstable. Remember that this meeting is typically fast and simple, and focus on the fact that you’re getting a fresh start at life!

Ready to work with an experienced bankruptcy attorney in Orlando? Reach out to Nater Law today and request your free consultation!

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