Do you have to explain to the court your reasons for filing bankruptcy?

Victoria Maydanik 341 Bankruptcy Meeting, California Chapter 13 Bankruptcy, California Chapter 7 Bankruptcy 4 Comments

I have noticed that many people are hesitant to consider bankruptcy as a viable option because they mistakenly believe that they would have to provide very personal details about themselves and their relationships and personal and financial choices, and mistakenly believe that they would have to give reasons for filing ...
Bankruptcy trustee meeting

21 things NOT to do at the 341 Meeting of Creditors

Victoria Maydanik 341 Bankruptcy Meeting 2 Comments

If you file a bankruptcy petition, you will normally be required to attend one court meeting, called 341 Meeting of Creditors.  This meeting is a very important step to getting your debts discharged. 341 Meeting is brief and fairly informal, and usually boils down to answering some standard straightforward questions posed by …