Bankruptcy Hearing – Meeting of Creditors – what not to do…

I have now sat through plenty of hearings (Meeting of Creditors) and I have a short list of what NOT to do in the hearing and some good first steps to making your hearing go well.

1. While waiting for a hearing with my clients I watched a pair of debtors (husband and wife) go through a hearing while both wearing Rolex watches they had not listed on their petition.

Note to Self – Don’t wear jewelry other than your wedding bands.

2. I witnessed another hearing where the debtors (who were not my clients) had not listed the fact that they had a condo in Hawaii.

Note to Self – List all the property you have because the trustee, who is running the hearing, can see nearly all real estate transactions electronically.

3. You need to actually go to your hearing even if you have “changed your mind.”

4. Don’t argue at the hearing and blame your spouse for the boat that was bought or the bills that didn’t get paid.

5. Don’t transfer anything to a family member to avoid the power of the trustees – they can see most transfers and attack you both civilly and criminally.  They can also sue your family member to get the item back.

6. Don’t fight with your spouse OR your attorney.

7. Don’t lie to the Trustee.

8. Make sure you bring your ID and your Social Security card.  Get there early.

9. If you don’t understand the question then say, “I don’t understand the question.”

10. Make sure you are polite,  honest and answer each question directly.

If you are in need of bankruptcy help, please call my office and set up a free consultation.  We will help you through your hearing!

Todd Courser 810-245-0813