Chapter 13 341 Meetings in Minneapolis

Every Chapter 13 bankruptcy requires a meeting with your creditors. This meeting, known as a Chapter 13 bankruptcy 341 Meeting, is an essential part of the process. Understanding how Chapter 13 341 Meetings in Minneapolis work can help you prepare for what to expect. It is imperative that you have an experienced Minnesota bankruptcy lawyer with you at your 341 meeting to ensure your rights are protected.

WHAT TO EXPECT

While the Chapter 13 bankruptcy 341 meeting is a meeting with your creditors, most creditors do not attend.

However, if a creditor does attend, the creditor is entitled to ask you questions at this meeting.

The 341 meeting takes place anywhere from 21 days to no more than 40 days after your Chapter 13 bankruptcy is filed.

The meeting is usually held at a federal building and conducted by a Chapter 13 trustee appointed to your case.

TRUSTEE REVIEW

The trustee appointed to your bankruptcy case will review your:

Income
Expenses
Debts
Statement of Financial Affairs

They will do this prior to your 341 meeting.

Additionally, the trustee is likely to review your tax statements and pay stubs.

The trustee’s main focus will be to sell nonexempt assets and ensure there is no bankruptcy fraud.

The trustee will ask you many questions to better understand your financial situation, ability to pay off debt, and identify current assets and income.

You will be required to bring a number of documents to this meeting to provide evidence of:

Income
Expenses
Debt
Asset ownership
Any other mitigating circumstances

Be Prepared for Chapter 13 341 Meetings in Minneapolis

As you can see, it is important to have an experienced bankruptcy lawyer represent you throughout the bankruptcy process, especially when attending Chapter 13 341 Meetings in Minneapolis.

Minnesota Bankruptcy Attorney Curtis Walker has more than 30 years of experience and ensures your rights are protected at the 341 meeting.