I just received my letter confirming my date for the meeting w/ creditors scheduled for 12/09/08
I also received a letter from the appointed Trustee requesting that I send the following items (Oct/Nov. bank statements; car notes and kelly blue book "private sale" print out; Deed of trust for my house) by mail 10 days from the date of the letter.
I am concerned about the bank statements (we show large deposits due to the fact that we had family members/friends helping us in trying to keep our home by coming up with the funds for the repayment plan - since we also closed our credit cards - we used our debit card for purchases and there are some large purchases such as TV and my son's laptop) --
The reason why we rush the filing of our bankruptcy case was to protect our home which is in danger of foreclosure - we receive a letter from our lender stating the estate sale date of Nov 20 so we had to file rightaway to put a hold on the foreclosure as we are desperately trying hard to hold on to our home.
Does anybody think this will be a negative impact? Also, I've read that the Trustee will call a week before the scheduled meeting date - why type of questions will the Trustee ask?
Desperately Seeking Answers/
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bankcrupt67 started a blog post 341 Meeting / Bank Statements341 Meeting / Bank Statements
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Second, the trustee wants to see what kind of transactions you may have been engaged in during the period just before filing. Instead of getting overly anxious, you should just see what the trustee will ask about and be truthful and accurate about your responses.
Third, the trustee want to see if there were any preferential transfers or fraudulent transfers that he can set aside to bring funds into the bankruptcy estate for the benefit of your creditors.
As a Suffolk County bankruptcy attorney, I wrote several bankruptcy law articles for the Suffolk Lawyer several years ago in which I advised other Long Island bankruptcy attorneys how to help their clients with the section 341 Meeting of Creditors in the Central Islip Bankruptcy Court, which is the Long Island Bankruptcy Court in Eastern District of New York (E.D.N.Y.).
I urge you to take a look at these articles. The link is below. I think they should help. Please let me know if they are a help. You might want to take a look at some of the other articles on my site. Again, Good luck !
The three-part series of bankruptcy articles is entitled: Everything that can go wrong with the meeting of creditors.
There are two versions. First is the TEXT VERSION:
Here is the PDF VERSION, IF YOU WANT TO EASILY PRINT IT OUT:
Feel free to share these.
By the way, if you are represented by bankruptcy counsel, you should certainly discuss your question with him or her right away!