If you have any experience with 2004 rule exam in chapter 7 case , please share your experience about : 1) Why was it done , 2) How long the exam lasted ( hours etc) , 3) How was your over all experience with it?
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Your 2004 Rule Exam Expereince
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Welcome to the forum.
Rule 2004 examinations are case specific. If a Rule 2004 exam has been set in your case, your case has some specific issues. Was this set by a creditor or the trustee or, even, the US Trustee? Is the Order only for documents or is it for documents and a meeting?
If by a creditor - that creditor is probably trying to determine if he/she/it has a claim for non-dischargeability.
If by the trustee - the trustee is probably trying to discover all of the potential assets he/she can liquidate for the benefit of creditors.
If by the US Trustee - he/she is probably trying to determine if you are deserving of a Chapter 7.
What are the issues in your case? Do you have an attorney?
Des.
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Wild guess - you are over median income and, just maybe, the means test either is incorrect or shows there is a presumption of abuse. Also, if your schedule I and J shows you have the ability to pay creditors (positive cash flow), that could be a reason. Otherwise there is something else going on in the case. There are other reasons for the UST to look at a case, but again, this would be fact specific.
Do you have an attorney?
Des.
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