Meeting of Creditors Lawyer in Phoenix, AZ
If you’ve already filed for bankruptcy, the next step you need to take is to become aware of all the proceedings that will take place after your filing. While knowing what exempt and nonexempt property is and selling them off, especially if you filed for chapter 7 bankruptcy, you must also attend a meeting of creditors. Attending the meeting of creditors hearing might be new, hence the need for a 341 hearing lawyer from Phoenix, AZ who can help you from filing to preparation for any question in court.
To elaborate, a meeting of creditors or 341 hearing is a hearing that debtors must attend. Depending on the case, the meeting of creditors is held outside the presence of a judge. If you have filed for a chapter 7 bankruptcy, the bankruptcy trustee assigned to this case will conduct the meeting. This chapter 7 meeting permits the trustee to review the debtor’s petition, wherein the debtor must answer questions truthfully about their conduct.
Experienced Bankruptcy Attorney from Phoenix, AZ
If you will be attending a meeting of the creditors, it is best to seek legal advice first from a seasoned meeting of creditors lawyer Phoenix AZ law firm, Phoenix Fresh Start Bankruptcy Attorneys. Get in touch with a 341 hearing lawyer Phoenix AZ law firm Phoenix Fresh Start Bankruptcy Attorneys is proud to have. A bankruptcy attorney can provide you with legal advice and walk you through the process, from bankruptcy filing to hearings, making you aware of the questions the court might throw your way. Having a meeting of creditors lawyer is a great asset to have in this hearing. Schedule a consultation with a meeting of creditors lawyer from Phoenix Fresh Start Bankruptcy Attorneys right now.
Why do I need a Meeting of Creditors Lawyer in AZ?
Filing for chapter 7 bankruptcy is a great source of stress for many. The mere thought of losing their assets and having to sell some off to pay creditors can be burdensome. However, not all hope is lost. Bankruptcy can be the silver lining, the start of a fresh new life and this is all achievable with the help of a meeting of creditors lawyer from Phoenix, AZ
The meeting of creditors or 341 hearing for chapter 7 bankruptcy can be quite nerve-wracking for many, especially those who have not yet been to a hearing and aren’t exactly sure of what questions to expect. A 341 hearing lawyer can help you anticipate certain questions and ensure you attend the hearing equipped and prepared.
Get in touch with a 341 hearing lawyer from Phoenix AZ law office Phoenix Fresh Start. The bankruptcy attorneys at Phoenix Fresh Start can employ a personalized take on your situation to give you the specific attention and solutions you need. The lawyers help you solve bankruptcy in accordance with the bankruptcy code. The firm makes bankruptcy affordable through free consultations, so you won’t have to worry about costs. The firm services the Tucson, Biltmore, and Oro Valley areas of Arizona. Schedule an appointment today.
What is the Meeting of Creditors?
The meeting of creditors or a 341 hearing is defined as a hearing that a debtor must attend upon filing for bankruptcy. Depending on the kind of bankruptcy filed, this hearing is usually done outside of the presence of the judge. In a chapter 7 bankruptcy, the meeting is conducted by a trustee who was appointed to this case.
A 341 hearing comprises of the debtor being asked several questions under oath regarding their conduct, liabilities, property, and other concepts related to their financial situation and bankruptcy. Apart from this, the trustee or the United States trustee will also ask questions to examine if the debtor truly understands the bankruptcy process.
All these can seem quite overwhelming to a debtor, which is why if you are this debtor and are being faced with chapter 7 bankruptcy and are scheduled to attend a 341 hearing, get in touch with a 341 hearing lawyer from Phoenix Fresh Start Bankruptcy Attorneys who can walk you through the bankruptcy process and help you better understand bankruptcy law.
What are the Trustee’s Duties and Responsibilities in a 341 Hearing?
As mentioned, the bankruptcy trustee is responsible for holding the 341 meeting of creditors for your chapter 7 bankruptcy case. Still, the trustee has other tasks to fulfill, including:
- Review bankruptcy paperwork and verify its accuracy
- Verification of your identity
- Investigate the case for any bankruptcy fraud incidents
- Assess whether your case should be converted to a chapter 13 bankruptcy
- Sell your nonexempt property for creditors
What Should I Bring in a 341 Hearing in Phoenix, AZ?
Prior to attending the meeting of creditors, remember that there are important documents you must bring such as photo identification and social security number. When at the meeting of creditors, bring any document that you haven’t submitted to the trustee in advance since the trustee will go over the new records. Because of this, expect the 341 hearing to be continued. If all is well, the trustees will cancel the appearance.
Part of a 341 hearing or the meeting of creditors for chapter 7 bankruptcy is understanding the bankruptcy process, since this will also be asked of you. If you are scheduled for a meeting of creditors, get in touch with a meeting of creditors lawyer from Phoenix Fresh Start to help ensure a seamless process.
What Should I Expect at a 341 Hearing?
If it’s your first time at a 341 hearing, it’s best to keep abreast on what to expect. Firstly, the trustee will do a roll call to make sure that everyone is present, followed by explaining how the hearing will go. You, as the debtor will be asked to do the following:
- Read an information pamphlet
- Complete a form if you are either representing yourself or owe child support
The moment the chapter 7 trustee calls you, you must present your identification documents, sit with your experienced Arizona bankruptcy attorney, and take an oath to answer questions truthfully. Among the routine questions a trustee might ask are:
- If you have reviewed your petition prior to signing
- If you have listed your properties
- If any changes have occurred since filing paperwork
- If you have debts
- If you stand to inherit assets.
These are the general questions trustees ask. If you enlist the help of a meeting of creditors lawyer, they can help better predict and prepare these questions. Upon finishing, the creditors can start asking questions regarding your financial situation and properties. After the questioning, the trustee concludes the hearing and if there are any other investigations to be undertaken, it will be scheduled on another date.
Call our Meeting of Creditors Lawyer Now!
A meeting of creditors hearing can be quite stressful and can make one feel anxious given the nature of the hearing. However, with proper legal guidance and representation, you can be assured of a smooth sailing process. To better prepare yourself for this, get in touch with a meeting of creditors lawyer from Phoenix Fresh Start Bankruptcy Attorneys.
An Arizona bankruptcy lawyer can provide you with legal advice, offer quality representation with you in bankruptcy court, and prepare you in advance by stating what questions might arise. Start your debt relief journey today. Schedule an appointment with a 341 hearing lawyer from Phoenix Fresh Start right now!