Trustee

Chapter 7 Bankruptcy From Beginning to End

One of the first things those who are considering bankruptcy want to know is how the process of bankruptcy works. The purpose of this brief article is to review, in layman’s terms, the procedural aspects of a bankruptcy proceeding from the time one first meets with an attorney at Lincoln Law to the time his debts are discharged. My focus will be on Chapter 7 bankruptcy.

5 Reasons to Look Forward to Your 341 Meeting

Submitted by mlg on Tue, 05/25/2010 - 5:18pm

One of the most unnecessary stressors for a bankruptcy client is anxiety about the 341 meeting. Here are five reasons to be excited about the 341 meeting.

1. It won't take long. Most 341 Meetings will only last 3-5 minutes. The trustee will usually ask a few (yes, only a few) questions regarding your case, most of which are routine.

Preparation is Key for Meeting of Creditors (341 Meeting)

Submitted by crg on Sat, 05/22/2010 - 10:27am

Last week I attended a most unusual meeting of creditors.

It started normal enough. My clients and several clients for other attorneys arrived and waited in the large waiting room while chatting with their attorneys. When the appointed time rolled around, the Trustee called the six cases for that half-hour time slot into the meeting room. Then he called the first attorney's case.

Carl Gustafson's blog

Five reasons to be excited about the 341 Meeting of Creditors

Submitted by crg on Mon, 05/17/2010 - 2:38pm

One of the most unnecessary stressors for a bankruptcy client is anxiety about the 341 meeting. So here are five reasons to be excited rather than nervous about the 341 meeting.

1. It won't take long.

2. There's only one of them.

3. Odds are, your creditors won't show up, and will miss their last chance to ever talk to you about your debts.

4. Your attorney will be there with you.

5. It's usually the last appointment in your case!

Carl Gustafson's blog

The Role of a Trustee in a Bankruptcy Case

Ok, you are getting a fresh start on your financial situation and have filed for bankruptcy. One of the major players that you are going to be interacting with is a bankruptcy trustee. A bankruptcy trustee is a lawyer assigned to oversee your bankruptcy case. Their role in the case differs as to whether your bankruptcy case is Chapter 7 or Chapter 13.