CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Tips for Testifying at Your Bankruptcy Hearing

Testifying At Your Bankruptcy Hearing Tampa, St Petersburg, and Pasco, Florida.Testifying at a Bankruptcy Hearing – 341 Meeting of Creditors

One of the most intimidating aspects of filing for bankruptcy is having to participate in the legal meetings that accompany the process. The 341 Meeting of Creditors is a primary example of this.

If you are dreading your upcoming bankruptcy hearing with your creditors, you are not alone. Nearly every filer wishes it didn’t need to happen and most of them would try to get out of it if they could.

The good news is your bankruptcy lawyer will be with you during the meeting and for most people, there’s nothing to worry about. The meeting is quick and simple, and you’re left with nothing but relief once it’s over.

Of course, if you let your imagination get the best of you, you’ll likely dread the meeting. Filers imagine they’ll be interrogated during their meeting and they’ll walk away feeling judged, attacked, and belittled.

In reality, most 341 Meetings are boring and there’s nothing to worry about.

How Can You Feel Better About Your Upcoming Bankruptcy Hearing?

The best thing you can do is speak to your bankruptcy lawyer. He or she will explain the process to you and give you a description of what will be discussed during the meeting.

It’s also important that you prepare in advance for your meeting. There’s nothing to be scared of, but it is a good idea to know what’s coming and know how to answer any questions you’ll likely be asked.

341 Meetings are very similar, but each one is slightly different because every bankruptcy case is slightly different. Listen carefully to any questions you are asked by the trustee and be sure you understand the question before answering. No matter how prepared you might be, don’t make any assumptions about the questions you’re being asked.

It’s also important to be honest with your answers. Honestly disclosing information is an essential part of successfully filing for bankruptcy. It’s also important to understand that you are under oath when answering questions in your 341 Meeting, so any dishonesty is legal perjury. It can result in penalties and cause your case to be thrown out.

Bankruptcy fraud, even if it’s unintentional, can get you into a lot of trouble. To learn more, check out this information from Nolo.com.

Keep your answers brief. Be honest, but don’t ramble or try to justify your answers. If any additional information is needed once you answer a question the trustee will follow up. Nobody attending the meeting needs to hear a long, drawn-out story about everything that led to your bankruptcy. They just want brief, factual answers so they can move your case forward.

Finally, make sure you aren’t guessing or giving answers you aren’t 100 percent confident you know. It’s better to respond that you don’t know an answer than it is to make something up so you don’t look foolish.

Planning for Your Meeting

The best thing you can do to ensure your bankruptcy hearing goes well is to provide all requested documents to your attorney in advance and to speak openly and honestly with your attorney about your case. This way the majority of issues will be cleared up before the meeting even takes place.

If you’d like to know more about what happens at a bankruptcy hearing or you’re ready to get started with the bankruptcy filing process, we can help. Contact the Law Office of Robert M. Geller at (813) 254-5696 to schedule a consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

How to File for Bankruptcy without Losing Your Assets: How an Attorney Helps You Use Florida Bankruptcy Exemptions

If you're considering filing for bankruptcy, it's important to know that you can still keep your most important assets. The...
Read More

6 Things You Can Do to Make Filing for Bankruptcy Easier

Bankruptcy is often a confusing and scary process. It can be very overwhelming to face the prospect of declaring bankruptcy,...
Read More

4 Great Bankruptcy Resources for People Struggling Financially

Filing for bankruptcy can be a daunting process, but there are many bankruptcy resources available to help you through it....
Read More

6 More Things You Should Know About Bankruptcy

When you’re considering bankruptcy, it can help to know what to expect. Understanding the bankruptcy tricks and tips available to...
Read More

How to Take Control of Your Financial Situation

Do you want to learn how to take control of your financial situation? Does it feel as if your spending...
Read More

What Can I Do If I’m Being Harassed by Creditors?

Struggling with financial problems is bad enough. It gets a lot worse if you’re being harassed by creditors. What is...
Read More

Can I File for Bankruptcy without an Attorney?

The short answer to this question is yes, you can file for bankruptcy without the help of an attorney. However,...
Read More

Can Bankruptcy Improve the Health of Your Marriage?

Marriage and money problems go hand in hand. Financial problems cause everything from minor squabbles to full-blown marriage-ending fights within...
Read More

5 Common Budgeting Mistakes Newlyweds Make and How to Avoid Them

Budgeting mistakes are common, especially when you’re young. Not all newlyweds are young adults, but many first-time marriages do involve...
Read More

When Should Married Couples File for Bankruptcy Together?

There's no easy answer to the question of timing when it comes to bankruptcy. In some cases, it may make...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions