Bankruptcy: What Do I Do at My Meeting of Creditors?

by Jay Fleischman, Esq.

April 4, 2010

After filing for bankruptcy, you will meet with a trustee. Be prepared. There is a way to act and not to act at a meeting of creditors. These tips will help you know what to do.

Here’s what to do at your 341 bankruptcy meeting with the trustee.

  • Be on time
  • Dress reasonably – not too sharp but not sloppy either
  • Be neat and clean
  • Bring your social security card
  • Bring your driver’s license or other government issued photo identification – a passport is ok, too
  • Bring any papers or documents your trustee requests from you
  • Be prepared for questions which will be answered
  • Answer the questions asked
  • Meet with your lawyer in advance of the meeting and prepare

Here are some things not to do at your bankruptcy meeting with the trustee.

  • Don’t wear flashy clothing or jewelry – but remember, your rings will leave a mark where you usually wear them
  • Women, don’t wear revealing clothing
  • Men and women – keep the perfume and cologne to a minimum
  • Don’t bring your children
  • Don’t answer questions not asked
  • Don’t ramble

Here are some questions which your bankruptcy trustee will ask:

  • Did you review your bankruptcy petition and papers
  • Did you list all of your assets and all of your debts
  • Are there any things which need to be changed
  • Where do you live?
  • Are you employed?
  • Do you own any real estate any place?
  • Do you have any claims against anybody? Any lawsuits? Any rights to a tax refund? Any other payments?

Be sure that your bankruptcy papers haven’t left out anything. That includes dealings with family members. That includes money or property you have kept in your house or under your bed or anyplace else.

Tell the truth, the whole truth, nothing but the truth. If you do, your bankruptcy meeting will go smoothly and you’ll be on your way to your bankruptcy discharge.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.

Last modified: October 22, 2012