Saturday, January 8, 2011

The First Meeting of Creditors, Explained!

Your First Meeting of Creditors (the 341 Meeting) is one of the standard, garden-variety procedural events in your Chapter 7 Bankruptcy Case in Arizona.

It will be easy, or troublesome, or a major disaster, depending to a large extent on how you have prepared for that hearing, and the preparation begins with filling out your schedules accurately and completely.

After your Arizona Bankruptcy Lawyer has filed your Bankruptcy Petition for you, based on the information you have given him, you will receive a "Trustee's Letter", which may be written on paper, and may be electronic. Generally, it will ask you to send copies of three years of tax returns, copies of titles, and similar materials by mail to your Arizona Bankruptcy Trustee.

If you do that, within the time frames required by the trustee, your First Meeting will be easier for you. I suggest that you keep two copies of everything you sent to your trustee, one for your records, and one to bring with you to your first meeting, in case the post office goofed.

Remember that you must bring a social security card and driver's license to your First Meeting, and that you may not bring weapons or dogs into the Federal Building (although yesterday I was told by the Federal Marshals who operated the scanners and x-ray machines that they do permit seeing-eye dogs).

I have talked at length about the First Meeting in Bankruptcy Cases in Arizona. Here I am, doing just that!

Contact an Arizona Bankruptcy Attorney

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