Bankruptcy Attorney Tampa Provides Information on a 341 Meeting in Your Bankruptcy Case
If you are a struggling consumer in today's poor economy, you're likely confronting numerous issues you've never faced before, such as late payments, rising debt, potential foreclosure, and more. What can make these issues even more imposing is the language and terminology associated with them that is often complex and confusing for the layperson to understand. Bankruptcy is one of these matters that has a set of terms all its own with which you may not be familiar. While a bankruptcy attorney in Tampa is a great resource to handle your case and familiarize yourself with the ins and outs of a bankruptcy proceeding, here is some information on a term you'll likely hear multiple times – the "341 meeting."
As your bankruptcy attorney in Tampa will tell you, the 341 meeting is also known as the meeting of creditors. It is referred to as a 341 meeting because section 341 of the bankruptcy code requires this meeting to take place. In this required meeting, you will have a duty to show up and answer questions under oath in order to verify the information you have provided is correct, such as your assets, incomes, and debts. Your debtors are invited to attend, but are not required to do so, and the trustee assigned to your case will preside over this meeting.
While the information asked of you in your 341 meeting may be fairly straightforward, having an experienced bankruptcy attorney in Tampa on your side can ensure your comfort throughout the process, and also guarantee your information is accurate and presented as such.
If you are considering bankruptcy and would like more information on what will happen in your 341 meeting, or have any other questions, contact a bankruptcy attorney in Tampa from the firm of Yesner & Boss, P.L. today to set up your free consultation.
|
