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| What happens before, during and after
bankruptcy |
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The 341 meeting is run by
the trustee, who places the debtor under oath
and asks questions about the debt. Creditors
may attend. |
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Make sure to bring Social
Security card and other identification. |
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For Chapter 7, this meeting
occurs 20 to 40 days after filing and can
be as short as five minutes. The trustee liquidates
the debtor’s nonexempt assets. |
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For Chapter 13, the meeting
occurs 20 to 50 days after filing and can
be as short as 15 minutes. You will start
repaying creditors within 30 days of filing
by making payments to trustee to disburse. |
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Attendance is mandatory. |
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