Tagged: 341 hearing

  Why Is It Important To Have A Bankruptcy Lawyer?   When it comes to bankruptcy proceedings, you are under no obligation to hire a lawyer to help you prepare your bankruptcy filings or to help you through your bankruptcy proceeding. But it is important to be advised that having a lawyer with experience handling bankruptcy law cases is going to be to your benefit. Bankruptcy law can be very complicated, dense, and meticulous (meaning that the rules have to be followed precisely). The average person who has no experience filing for bankruptcy can get lost and confused in bankruptcy...

Meeting Your Creditors As Part Of Your Bankruptcy Proceeding   Whether you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, there will come a point in your bankruptcy proceeding when you will be required to have a meeting with your creditors as part of your bankruptcy proceeding. This meeting is also sometimes referred to as a 341 hearing, which is a reference to the section of bankruptcy law that governs these meetings of creditors.   How Does A Meeting Of Creditors Come About?   When you file for bankruptcy, the court assigns your bankruptcy case a bankruptcy trustee. This...