Every client who comes to Vulcan Legal Group has different financial needs. Our attorneys will help you make a sound decision about how to deal with your legal issues. Whether it is creditor phone calls, wage garnishments, foreclosure notices, or piles of debt, Vulcan Legal Group is here to serve you.
Vulcan Legal Group attorneys can help you answer you most basis bankruptcy questions like:
WHAT TO EXPECT AT
YOUR MEETING OF CREDITORS
Few aspects of the bankruptcy process instill more fear in client than the Meeting of Creditors. The irony is that it is probably the easiest part.
The purpose of the Meeting of Creditors is t0
1) Give the Trustee an opportunity to make sure that you aren’t committing bankruptcy fraud (don’t worry, if you are coming from our office, this won’t be an issue), makes sure your paperwork is accurate and ask you a few questions (more on that later).
2) Give creditors an opportunity to object to your discharge. Let you in on a secret: creditors RARELY show up for these meetings.
The meeting is held at the bankruptcy court. The only people in the room are the Trustee, the Trustee’s clerk, a bunch of lawyers and other people that are filing for bankruptcy.
When you get to the meeting, the Trustee will ask everyone that has filed for bankruptcy to stand and be sworn in. Then he/she will start to call names. The longest part of the Meeting of Creditors is actually just sitting there waiting for your name to be called.
WHAT YOU NEED TO BRING
1. Photo Identification (mandatory)
2. Social Security Card (optional)
3. Property Deeds (if you own property)
4. Tax Returns ( if you haven’t already given them to your lawyer)
5. Pay Stubs (if you haven’t already given them to your lawyer)
The trustee will review your bankruptcy paperwork before your 341 meeting. The trustee will review all your debts, income, and expenses, as well as your Statement of Financial Affairs, which provides a history of your major financial transactions. The trustee will also review your federal tax returns and your pay stubs.
Here is a sampling of the questions that you may be asked at your Meeting of Creditors:
1. Did you list all of your assets on your petitions?
2. Do you have any lawsuits pending?
3. Do you have any safe deposit boxes?
4. Do you own any fire arms?
5. Do you still work at ********?
6. Do you still live at *********?
7. Do you still have the vehicle that is listed in your petition?
8. Have you sold any property in the last year?
The questioning from beginning to end probably lasts 2-3 minutes.
That's it. So as you see, the Meeting of Creditors is not as scary as you think!
Call Vulcan Legal Group at 205-202-5190 if you need to speak with an experienced bankruptcy attorney. The initial consultation is FREE.