My 341 meeting was today.
Had the usual scared/nervous anticipation all built up in my mind like so many others here. Not just about the normal bk process anxiety, but also the question of what is going to happen to my house, which is being foreclosed, but I'd rather the trustee take it (& try to get some of the homestead exemption out of it) than the bank take it.
I was freaking out last night b4 going to bed (I only got about 3 hours sleep total) because I noticed that the statement of intent in regards to my house in the filed paperwork was NOT the same as what I was shown in the final draft, and it appeared to be wrong (I have a different thread about that & won't go into all that again here).
And I had the common "what are they going to ask me" type of jitters, like fears of questioning my car exemption, or going through my bank records and asking what recent deposits were (I am unemployed and surviving lately on selling possessions - all of which should be exempt but I've heard this can still be a problem), getting into hot water for God knows what, questioning asset values, whatever imaginable, but nothing troubling came up at all, and it took only about 5 minutes, 4 of which were discussion about my house & it's value, the status of the foreclosure etc.
No creditors showed up. Not even the secured creditors (my mortgage).
I have to get the lawyer some documents that the trustee wants in regards to the house but that's it. Then it is waiting to see if he decides to take/sell it and what that process is going to be like - or then go through the fun of foreclosure. Either way I can get this mountain of debt that I have off my back (I think) and try to move on...
Also as others have reported, my overall experience was pretty much the same in general - sitting first in a waiting room with about a dozen other people, all ages, all walks of life, most in business casual type dress, some in jeans. Only the lawyers in suits.
The trustee was in a separate room where he conducted the meetings. It was not possible to see or hear what was being discussed in there from where I was. On the one hand I was disappointed because I was curious to hear what other people would be subjected to before it was my turn, but on the other hand I was relieved that I would have some privacy in my own case.
The people called prior to me were all out of there in like 3-4 minutes. My time was probably the longest, like 5 minutes. I don't think any creditors showed up in any of the cases. The trustee was civil and even wished me "good luck" when it was over.
Jeez what a relief. I know I still have a lot to go through, but getting over this 341 hurdle is a huge load off my mind.
Thanks to others who posted their 341 stories in this forum. Helped me in learning about all this. Hope mine helps too.
Had the usual scared/nervous anticipation all built up in my mind like so many others here. Not just about the normal bk process anxiety, but also the question of what is going to happen to my house, which is being foreclosed, but I'd rather the trustee take it (& try to get some of the homestead exemption out of it) than the bank take it.
I was freaking out last night b4 going to bed (I only got about 3 hours sleep total) because I noticed that the statement of intent in regards to my house in the filed paperwork was NOT the same as what I was shown in the final draft, and it appeared to be wrong (I have a different thread about that & won't go into all that again here).
And I had the common "what are they going to ask me" type of jitters, like fears of questioning my car exemption, or going through my bank records and asking what recent deposits were (I am unemployed and surviving lately on selling possessions - all of which should be exempt but I've heard this can still be a problem), getting into hot water for God knows what, questioning asset values, whatever imaginable, but nothing troubling came up at all, and it took only about 5 minutes, 4 of which were discussion about my house & it's value, the status of the foreclosure etc.
No creditors showed up. Not even the secured creditors (my mortgage).
I have to get the lawyer some documents that the trustee wants in regards to the house but that's it. Then it is waiting to see if he decides to take/sell it and what that process is going to be like - or then go through the fun of foreclosure. Either way I can get this mountain of debt that I have off my back (I think) and try to move on...
Also as others have reported, my overall experience was pretty much the same in general - sitting first in a waiting room with about a dozen other people, all ages, all walks of life, most in business casual type dress, some in jeans. Only the lawyers in suits.
The trustee was in a separate room where he conducted the meetings. It was not possible to see or hear what was being discussed in there from where I was. On the one hand I was disappointed because I was curious to hear what other people would be subjected to before it was my turn, but on the other hand I was relieved that I would have some privacy in my own case.
The people called prior to me were all out of there in like 3-4 minutes. My time was probably the longest, like 5 minutes. I don't think any creditors showed up in any of the cases. The trustee was civil and even wished me "good luck" when it was over.
Jeez what a relief. I know I still have a lot to go through, but getting over this 341 hurdle is a huge load off my mind.
Thanks to others who posted their 341 stories in this forum. Helped me in learning about all this. Hope mine helps too.
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