If you are considering filing bankruptcy, contact us today for a free consultation. For more answers to frequently asked questions, please see our massive resource here: Los Angeles Bankruptcy Lawyer.
Do I have to go to court if I file for bankruptcy?
Even if it’s their intention to tell the whole truth and nothing but the truth, people get nervous about going to court. To many people, judges are scary, and lawyers asking questions are even scarier. If you’re planning on filing for bankruptcy, you can sigh with relief. It’s highly unlikely that you’ll ever set foot in a courtroom. The law requires you to go to what’s known as a 341 meeting though, but the only reason why a 341 meeting might be held in a courtroom is out of simple convenience.
What is a 341 meeting?
A 341 meeting is a meeting of creditors. Those creditors rarely show up for 341 meetings. The meeting usually lasts anywhere from one minute to five minutes. There’s no judge present either. In a 341 meeting, the debtor raises his or her right hand and swears to tell the truth. The bankruptcy trustee will ask if everything in your bankruptcy schedules is true and correct. He or she might have a few other questions about debts and property that you’ll need to answer. You need only answer the trustee’s questions truthfully. After that, the 341 meeting is ordinarily finished. You’re not going to be alone either. We’re right beside you during the entire process.
Just about all of the legal work has been completed by the time that we even get to the 341 meeting. Before the meeting starts, we’ll tell you what to expect. That’s because we want you to be prepared and comfortable during the process.
Contact a Los Angeles Bankruptcy Lawyer today
As long as you’ve provided full and complete information on your bankruptcy schedules, there’s really nothing to worry about in the 341 meeting. If you’re being crushed by overwhelming debt, contact us by phone or by email to arrange for a free bankruptcy consultation. As soon as we file your petition, the automatic stay will give you comfort and breathing room.
We assist people with bankruptcy in the following areas and counties of California:
- Los Angeles County
- San Fernando Valley
- Orange County
- San Bernardino County
- Riverside County
- Ventura County
- Santa Barbara County