These are just some observations I had, they may or may not be interesting to anyone, but I found them interesting.
Our meeting was in a big city. First of all I was shocked that there was NO security in the building or room of the 341. I have gone to the Social Security Dept. where they check your pockets, bags, everything, and the Dept. Of Homeland Security practically rapes you with one of those wands when you walk in there.
But here, there was no security, people walking in and out of the meeting room at will, not even a guard at the door!
More than half of the cases in our 341 meeting were Latinos. Most had to have an interpreter! Many of those cases were very messy, the regular trustee asking all kinds of questions and trying to get just the basics right. The attorneys for most of these people didn't do a very good job because there were all kinds of mistakes in their paperwork, even simple things like addresses and names were wrong!
The room held about 200 chairs but there were usually only 50 people or so in the room at any one time, sometimes only 20-30.
I was there for over an hour and we heard probably 20 cases in that time. Not one creditor showed up to file an objection. From what I understand, they are more likely these days to just call your attorney to object, after the 341.
(A friend who works in the finance industry told me that if you have a no asset case it is VERY RARE for a creditor to object, at all. Yet my attorney and other attorneys told me that they very well might object to mine because I took out a lot of balance transfers in 2005 and 2006, sometimes several from one company.) I guess the ones in late 06 are the most worrisome to my attorney. (But I just don't see how, if you are declared no asset, and only have $14 leftover each month, they can get you to sign up for a payment plan, objections or not!)
Anyway, I just thought it was interesting that there were so many Latinos there who didn't even speak English enough to answer the questions on their own. But my wife has a friend who isn't even a legal U.S. resident, yet went out and bought a $12k truck! I don't get it! Could I go to another country and buy a truck on credit without being a resident?
Our meeting was in a big city. First of all I was shocked that there was NO security in the building or room of the 341. I have gone to the Social Security Dept. where they check your pockets, bags, everything, and the Dept. Of Homeland Security practically rapes you with one of those wands when you walk in there.
But here, there was no security, people walking in and out of the meeting room at will, not even a guard at the door!
More than half of the cases in our 341 meeting were Latinos. Most had to have an interpreter! Many of those cases were very messy, the regular trustee asking all kinds of questions and trying to get just the basics right. The attorneys for most of these people didn't do a very good job because there were all kinds of mistakes in their paperwork, even simple things like addresses and names were wrong!
The room held about 200 chairs but there were usually only 50 people or so in the room at any one time, sometimes only 20-30.
I was there for over an hour and we heard probably 20 cases in that time. Not one creditor showed up to file an objection. From what I understand, they are more likely these days to just call your attorney to object, after the 341.
(A friend who works in the finance industry told me that if you have a no asset case it is VERY RARE for a creditor to object, at all. Yet my attorney and other attorneys told me that they very well might object to mine because I took out a lot of balance transfers in 2005 and 2006, sometimes several from one company.) I guess the ones in late 06 are the most worrisome to my attorney. (But I just don't see how, if you are declared no asset, and only have $14 leftover each month, they can get you to sign up for a payment plan, objections or not!)
Anyway, I just thought it was interesting that there were so many Latinos there who didn't even speak English enough to answer the questions on their own. But my wife has a friend who isn't even a legal U.S. resident, yet went out and bought a $12k truck! I don't get it! Could I go to another country and buy a truck on credit without being a resident?
A NEW START!!!
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