341 trustee questions

[brokeNconfused]

What are some questions a trustee will ask at this meeting? If there are no objections from creditors does it got smoothly? Why do they put you under oath?

[MajorMike]

You are pretty much saying that you're telling the truth about all the info that you put on your paperwork and that anything the trustee asks you will be the truth, "SO HELP YOU GOD" etc....

[brokeNconfused]

right, but do they ask you about all your purchases and why you got so deep in debt? or just ask about assests, income etc? Most of my debt came after i had it all paid off. Its only about 2 years old or a bit less. I dont want them asking what i did with my money, why i paid it all off once ETC.

[qwertysue]

right, but do they ask you about all your purchases and why you got so deep in debt? or just ask about assests, income etc? Most of my debt came after i had it all paid off. Its only about 2 years old or a bit less. I dont want them asking what i did with my money, why i paid it all off once ETC.

Nope. I don't think they really care. Their main concern is recouping whatever money they can.

.

[CATCHMEIFYOUCAN]

There more interested in money you have left over after expenses and if and what you are eligible to pay back (disposable income). If you have any assets etc. I hate to see the day they categorize people in bankruptcy like: shopaholics and gamblers.

Best of Luck, Catchmeifyoucan

[aa06a47]

First, they verify some legal eagle stuff..name, ss#...etc., They may ask...how did you come up with the value of your home?...... and if the list of assets on your form are accurate. They may ask if there is a difference in your current income vs what is shown on your previous tax returns (if they see a big drop in income..etc). When I was in my 341 meeting, in a group of about 60 folks, I was like #58. No one got any tough questions...

[MajorMike]

There more interested in money you have left over after expenses and if and what you are eligible to pay back (disposable income). If you have any assets etc. I hate to see the day they categorize people in bankruptcy like: shopaholics and gamblers.

Best of Luck, Catchmeifyoucan

I wouldnt doubt if it comes to that one day to make it even harder for everyone and to teach everyone a lesson. They may even make it that you have to not only tell them how you got into debt, but prove it and get help for your addiction. That's our govt in action.
BTW if you gambled it away, you should pay it 100 percent back...
unless you can prove it is an addiction and you are seeking treatment...( yup, I can see it now! )