“341 Meeting” Questions – Chapter 7
Approximately 30 days after your case is filed, you must “attend” a Section 341 First Meeting of Creditors (“341 Meeting”) where the Trustee will ask you questions about your bankruptcy petition, etc. Listed below are the range of standard questions asked by a trustee. Additional questions may be asked depending on your answers to these questions or particular facts of your case. A 341 Meeting normally takes no more than about 5 minutes.
Sample Questions
- Do you swear to tell the truth under penalty of perjury?
- What is your name and work address?
- Did you read your Bankruptcy petition and schedules before you signed them?
- Did you list all assets and debts?
- Did you list your income and expenses?
- To the best of your knowledge, were petition and schedules true and accurate when you signed them?
- Are they still true and accurate today? (Do you have an errors or omissions to correct?)
- Do you have any corrections or changes to bring to my attention?
- Have your financial circumstances changed since the date of filing? (New job, etc)
- Did you have a chance to read the “Bankruptcy Information Sheet” handout from the United States Trustee? (Have you read everything Mr. Russell’s office has given you to read?)
- Do you owe or pay any spousal or child support?
- Have you ever filed bankruptcy before (or anytime in the last 8 years)?
- On the date of filing did anyone owe you any money?
- On the date of filing did you have any legal claims you might be able to raise against another such as personal injury claim resulting from a car accident?
- Other than this proceeding, have you met with or hired any other lawyer in the last 4 years?
- Were you garnished in the 90 days before this case was filed?
- Do you deposit money into anyone else’s account?
- Do you think it’s likely you could inherit some money or property in the near future? If anyone dies in the next six months, do you promise to let me and/or your attorney know because that would be part of this bankruptcy? (Yes, you do.)
- Have you ever been self-employed or run a business?
- Have you owed or made payment on a land or home in the last 10 years?
- In the last 4 years have you sold, transferred, given away or disposed or any real or personal property worth more than $1,000.00?
- Have you paid any money to any family member or friend in the last year?
- Have you paid more than $1,000 in total to any single creditor in the 90 days prior to filing?
- Do you have any virtual or online accounts such as Venmo or Paypal?
- Do you now or have you ever owned or used any cryptocurrency such as Bitcoin?