What questions will the trustee ask at the 341 Meeting of Creditors? Our Sacramento bankruptcy attorneys always provide our clients with a shortlist of standard questions. Our bankruptcy attorneys also fully explain potentially new questions regarding their particular bankruptcy. After receiving numerous requests for a list of possible questions asked at the 341 Meeting of Creditors, our bankruptcy law firm decided to write a post on the subject. The sample questions below are samples and may vary depending on your jurisdiction, trustee, and bankruptcy case. If you have a good bankruptcy attorney, many of the questions are not even asked because the bankruptcy petition is thorough and includes everything the Trustee needs to help make a determination.
The hearing room is a relatively small room with a capacity of about 50 people. There are approximately 10-15 cases scheduled during a 60-minutes block of time; however, sometimes it may take longer. The Trustee will call the Debtors in each case and ask them a series of questions. Although creditors will be informed of the hearing and are allowed to attend, it is very rare that any actually show up.