How do you effectively represent a client at the 341 meeting? It's simple: prepare the trustee and your client for the meeting, then do your best imitation of a "potted plant." at the hearing. Well prepared, you have little to do but make your appearance, listen closely to the q and a, and thank the trustee at the conclusion. Prepare the trustee In this era of Zoom appearances at 341 meetings, the trustee needs to establish the debtor's identity. That's done by tendering copies of the debtor's picture ID and proof of their full Social Security number on a document generated by a third party, not the debtor, in advance of the meeting. No ID, no meeting. For debtors that don't have Social Security numbers, often a declaration from the debtor to that effect is sufficient. Typically, the trustee wants copies of tax returns, bank statements and paystubs in every case. After review of the schedules, there may be additional requests for support for asset values, forms of … [Continue reading...]
Bankruptcy Mastery
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