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    341 yesterday- Los Angeles

    First, I just want to say thank you to everyone on here for all your support and valuable information.

    I had my 341 yesterday in Los Angeles. I was scheduled for 10 am, as were several other people and they called us in one by one. They had hearings going on in several rooms simultaneously which was good because it was more private, you were in a private small room with the trustee, trustee's assistant and your lawyer if you had one, which I did. I guess they are really busy and have to do it this way now. I wasn't able to hear other people's hearings but noticed they were averaging 5 minutes or less. It didn't appear that any creditors were present, no one was in longer than 5 minutes. When it was my turn, I handed my ID & SSN card and this is what I recall being asked:


    1) Please raise your right hand. Do you swear to tell the truth...etc.

    2) Please state your full name and address.

    3) Did you read and understand the green pamphlet? (you were handed a pamphlet about CH7 upon arrival which you were instructed to read also a questionaire you were required to fill out which turns out had pretty much the same questions as the ones the trustee asked).

    3) Did you sign your petition?

    4) Did you read your petition before signing?

    5) Did you list all of your creditors?

    6) Did you list all of your assets?

    7) Are there any mistakes or changes you would like to make?

    8) Do you have any interest in real estate?

    9) In the last year have you sold or transfered any property?

    After the last question, the trustee said, "you are excused".

    This is what I can recall, it all happened so fast! 5 minutes or less! Everyone there was very polite and I didn't feel nervous or anything. I looked around at people didn't appear to be nervous. It was a good experience, not at all what I expected. Now, I hope everything goes well.

    I hope this helps others who are waiting for their turn with the trustee.
    My BK Status:
    10/12/2005 Chapter 7 petition on file w/ BK court
    11/17/2005 341 Hearing (Done)
    1/17/2006 Deadline for Objections (Scheduled)

    #2
    Last edited by scg; 11-19-2005, 10:36 AM.

    Comment


      #3
      SCG,

      Which Central District Bankruptcy Court did you attend?

      I appeared in Riverside and was only asked five questions and then excused. No offer of a copy of the recorded procedure.

      I am interested in hearing which branch of the Central District you attended.

      CAB in CA

      Comment


        #4
        San Fernando Valley

        Comment


          #5
          "We were then told that our creditors have 60 days to file a "Complaint Objecting to discharge of the Debtor" and that if no objections are received that we should receive a discharge in the mail in about 5-6 months."


          5-6 months?
          Im not an attorney or a trustee. You cant trust me either though!

          [x] - Done with 341? Join the 60 Day Club! ___________[x] - Im Discharged! Whoo Hooo!
          [x] - Poll: Should I File Pro-Se ____________________[x] - New BK Law: Median Income, Means Testing and Presumptive Abuse
          [x] - Zombie Debt Collectors Dig Up Your Old Mistakes _-[x] - Bankruptcy Law Resource
          [x] - Need A Fast Answer? Available 24/7!--__________[x] - Dont Be A Hero On Your Budget - You Wont Get An Award!

          Comment


            #6
            Yea, I don't know if he was just trying to hedge his bet or if its "real" because I filed the last week of the deadline, under the old law. But it is only 60-90 days after creditors have a chance to file an objection so it might be real, but hopefully not.

            Here is an except from the Washington Post dated Oct 15th 2005:

            "Burlingame, Calif.-based Lundquist Consulting Inc., which compiles bankruptcy statistics, said it expected 200,000 bankruptcy filings this week, far and away a weekly record. Typically, there are about 30,000 filings in a week.

            As of 7 p.m., Washington area bankruptcy filings yesterday totaled more than 1,100: 420 in Alexandria, 529 in Greenbelt and 168 in Washington. All but a few were Chapter 7 liquidation cases filed by individuals. By comparison, on the same day last year, Alexandria had one, D.C. had two, and Greenbelt had 11." That's 1,117 verses just 13 a year ago.

            For example my 341 mtg was 2 weeks ago but the status on Pacer states "waiting for 341 meeting"
            Last edited by scg; 11-19-2005, 09:27 AM.

            Comment


              #7
              mine still says awiting 341 too lol. but it also says discharged
              Chapter 7 Filed 10/17/07
              341 mtg. 11/15/07
              Discharged 2/19/08
              Closed on 2/26/08

              Comment


                #8
                I noticed you both said "Do you (or have in the last four years) owned or transferred any real property? "
                What does that mean? I owned my primary house my wife and I live in and a rental property I bought 12/2006. What would I say there?
                Filed: 01/23/08
                341 Meeting: 02/29/08
                Discharged: 04/30/08
                Closed: 05/12/08

                Comment


                  #9
                  Thanks for sharing that California Girl. Were you in downtown Los Angeles on Figueroa Street?..that's where mine will be so would be helpful to know.

                  Thanks,
                  EP
                  California Bankruptcy Central

                  Comment


                    #10
                    Originally posted by scg View Post
                    Great post! The following is my personal experience of the procedure for a Chapter 7 341(a) meeting. Mine wasn't private at all, as there was 12 of us in the room, answering personal financial questions in front of complete strangers.

                    My 341(a) meeting was held at the US Bankruptcy Court Central District of California. I arrive 5 minutes before my scheduled 2:00pm meeting on Friday and entered a crowded waiting room full of a dozen people all scheduled for the exact same meeting time.
                    [edit].
                    Interesting. Our's was also in that district but our's was completely different! We had a big room with about 50 people sitting in chairs like at a movie, so when you went up to talk you had an "audience". It was actually rather entertaining, but it was also nerve-wracking because we didn't know when we'd be called, they went about an hour and a half past our appointed time, and we had to just sit there and wait and wait and wait...

                    At our's people came in and out of the room at will, too, not private at all.

                    Did they say how long you could expect to get the Discharge?
                    Someone else here on this forum didn't get his until around 90 days and I'm already on Day 75 or so with no Discharge posting, so don't expect to find "Discharged" on Pacer on the 61st day or anything. But maybe you'll get lucky. Our trustee seems to be either lazy or backed up or both.
                    <<I am NOT an attorney, my comments are anecdotal only. Contact an attorney for advice>>
                    FINALLY DISCHARGED 92 DAYS AFTER THE 341! A NEW START!!!

                    Comment


                      #11
                      Up here in NorCal, mine went much differently. Only about 5 questions...no mention of transferring property or of our vehicle. Only the value of our house. In the court room there was only about 10 people (couples). Supprisingly very painless!

                      Glad that part is over for you, Cali Girl.
                      CHAPTER 7 FILED: 1/18/2008: 341: 2/19/2008
                      DECLARED NO ASSESTS: 2/20/2008
                      OBJECTION TO DISCHARGE DUE: 4/21/2008
                      DISCHARDGED & TERMINATED:4/22/2008

                      Comment


                        #12
                        ha, i just noticed how long ago this thread was started. Well, not expecting an answer from Cali Girl now but it's still a good thread.

                        EP
                        California Bankruptcy Central

                        Comment


                          #13
                          Originally posted by epiphany View Post
                          ha, i just noticed how long ago this thread was started. Well, not expecting an answer from Cali Girl now but it's still a good thread.

                          EP


                          OK, that's funny!

                          EP- We were declared no assets!! One day after 341...great!
                          CHAPTER 7 FILED: 1/18/2008: 341: 2/19/2008
                          DECLARED NO ASSESTS: 2/20/2008
                          OBJECTION TO DISCHARGE DUE: 4/21/2008
                          DISCHARDGED & TERMINATED:4/22/2008

                          Comment


                            #14
                            Originally posted by dp1969 View Post


                            OK, that's funny!

                            EP- We were declared no assets!! One day after 341...great!

                            Wooooooohoooooooo! Good To Know and Good For you!

                            EP
                            California Bankruptcy Central

                            Comment


                              #15
                              Got my 341 meeting tomorrow!!! URGH!!!

                              Comment

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