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Questions, please read.

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wahoojack13
New Contributor

Questions, please read.

I just did my chapter 7 signing on 09/03/2015, my 341 creditors meeting is on 10/02/2015, whats happens there?? Im a little nervous.

 

also I reaffirmed my home and car, will that help me rebuild my credit faster than not doing that?

Filed Chapter 7 09/02/2015 - 341 meeting 10/02/2015, Just patiently waiting until discharge so i can start start over!
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Anonymous
Not applicable

Re: Questions, please read.

The meeting of creditors should be quick and easy as long as you were honest with yout attorney. As time goes on, I'm sure the house and car will help.

 

In this interim time...breathe. As you get closer to discharge, start making you plan on how to move forward and recover. Recovery is possible, just make sure you learn from the mistakes of the past and remember it takes patience.

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Anonymous
Not applicable

Re: Questions, please read.

At the 341 meeting, you and your lawyer meet with the trustee assigned to your case.  It lasts about 5 minutes, you are sworn in and they ask a serious of questions you've already gone over with your lawyer.  ie:  "have you ever filed bankruptcy before?"  "do you own overseas assets?" "do you have any other assets or income you didnt include?" etc. This is also where your creditors could show up, I had about 100 creditors including the IRS and some pretty large banks listed to be discharged.  No one showed.  It was very brief and easy. 

 

About your home and car.  I cant say for sure about the car, but your home most likely will not continue to report to the bureaus.  Below is good post about that...

 

http://ficoforums.myfico.com/t5/Bankruptcy/Clarification-about-mortgages-and-bankruptcy-from-a-bankr...

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