The above Named Debtors Hereby Verifies that the Attached List Form
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People also ask
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Why must debtors be accurate in their filings and in what they say at the 341 meeting?
The debtor is required to answer questions under penalty of perjury (swearing or affirming to tell the truth) about the debtor's conduct, property, liabilities, financial condition, and any other matter that may affect the administration of the case or the debtor's right to discharge.
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Do creditors actually show up at the 341 meeting?
Although you will usually be on the phone for 30-45 minutes your meeting of the creditors (341 Meeting) will usually last about five (5) minutes. A Chapter 7 or 13 Trustee will ask you basic questions many that are listed below. Creditors usually do not show up for this meeting.
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What is the verification of creditor matrix?
The creditor matrix is the list of creditors and their addresses that everyone has to provide to the Court when filing bankruptcy. The Verification of Creditor Matrix is basically the signature page that goes with it.
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What can go wrong at a 341 meeting?
Concealing assets by failing to list all assets or giving assets to someone to hold. Intentionally providing false statements in your bankruptcy forms. Lying at a bankruptcy hearing or 341 Meeting of Creditors. Filing multiple bankruptcy cases under different names, Social Security numbers, and different states.
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What kind of questions can a creditor ask at a 341 meeting?
Questions Creditors Ask at the Meeting of Creditors Clarify how you plan to deal with a secured debt. ... Ask about recent charges or cash advances. ... Ask about application discrepancies.
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What is the significance of a debtor's status as debtor in possession?
In most cases, the business's owner may continue to operate it and keep control of its assets as a “debtor in possession” (DIP) during the process. The DIP has exclusive authority to propose a reorganization plan for the first 120 days after filing for Chapter 11.
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