By Robert J. Semrad | Published June 15 2015 |
Questions a Bankruptcy Trustee Will Likely Ask You
Whenever you file for bankruptcy protection, you are required to attend a meeting with your creditors to answer certain questions about the information you included in your bankruptcy paperwork. The bankruptcy trustee assigned to your case leads this meeting. Most of these questions are simple, but it’s important to be prepared for them.
Before the meeting occurs, the trustee conducts an in-depth review of your bankruptcy paperwork. Then, the trustee’s job is to have you state under oath that all of the information is correct, or ask any questions regarding possible errors in your paperwork. Throughout this process, the trustee will be on the lookout for undisclosed income, undervalued assets or any other potential red flags that could indicate fraud in the bankruptcy process.
Some examples of questions a bankruptcy trustee is likely to ask include:
- Are you intimately familiar with all of the information you included in your bankruptcy paperwork?
- Did you thoroughly review and sign your bankruptcy petition and its schedules before you filed them in court?
- Is all of the information you included in your paperwork accurate to the best of your knowledge?
- Did you list all of the property you own in the paperwork?
- What is your total (gross) monthly income?
- Did you list all of your creditors in your various bankruptcy schedules?
- Do you have any child support or alimony obligations?
- Did you file all of your tax returns that were due?
- Have you transferred or otherwise given away any property at any time in the last two years?
- Have you made any payments to any of your creditors within a year of filing for bankruptcy?
- Are there any omissions or changes to your paperwork that you would like to discuss?
- Do you have insurance on your car or home?
To learn more about how to prepare for your meeting with your trustee and creditors, contact the experienced Atlanta bankruptcy lawyers at DebtStoppers by calling 678-673-2142 or contacting us online.