What is involved with filing a bankruptcy?
In order to file a bankruptcy you must complete a series of documents that list all items that you own, all debts that you owe and all rights that you have. This includes your income and expenses. Everything you own or owe must be listed. You will keep all exempt property. At a creditor’s meeting you will be asked to testify that you have reviewed all the documents filed with the Court and that they are true and accurate. All Debtors must appear at a ยง341 meeting, also called a creditors meeting. The Trustee assigned to your case will ask you questions under oath about your assets and liabilities and other important issues. Creditors can also question the debtor on those subjects, but seldom appear. Generally, the only responsibilities you have after the 341 meeting is to cooperate with the Trustee in providing any information requested and assist your attorney in addressing any assets that you want to keep. In a chapter 7 case, all wages you earn after the case belong to you. Monies t
