Funny - What Your Attorney Does at the Telephonic Bankruptcy 341 Meeting of Creditors.

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  • Опубліковано 24 сер 2024
  • What is your attorney supposed to do, or do, at the bankruptcy 341 meeting of creditors. I show you what our clients, the trustee, the courts, and others think we are doing during the 341 meeting of creditors. Then I show you and explain what we attorneys really do.
    Matt Berkus is a Colorado licensed bankruptcy and student loan relief attorney with 19 years of experience. I offer free phone consultations to residents of Colorado for the purpose of bankruptcy. Click on my websites for additional information and for the phone number to call and schedule.
    My Websites.
    HTTP://mattberkus.com
    HTTP://mattberkus.com/...
    HTTP://personaltouchba...​om

КОМЕНТАРІ • 20

  • @blkimble
    @blkimble Рік тому +10

    Just had my 341 meeting. It went very smooth. The trustee asked approximately 5 or 6 questions and it was over. He didn't ask for additional documents or anything.

  • @allaroundme4887
    @allaroundme4887 11 місяців тому +4

    Nicely Explained 😂😂😂

  • @scottgoldstein8860
    @scottgoldstein8860 3 роки тому +5

    As a fellow practitioner, thank you for lightening up this issue. That was hilarious.

  • @stuartyoung4665
    @stuartyoung4665 3 роки тому +6

    As a fellow consumer bankruptcy attorney this certainly gave me a few laughs and head nods. Well done and still pretty informative review of what is the most important thing in the Debtor’s minds but really the least least important thing for the lawyer. Well said!

  • @davidhooper259
    @davidhooper259 2 роки тому +7

    I have to file soon and it’s scary and stressful as hell to think about but I’m really happy to see this video had fun with this process

    • @cw5001
      @cw5001 2 роки тому

      Filed Chapter 13 in April, had my 341 hearing in May, and it went smoothly. I'm very appreciative to have an attorney who helped through the process.

  • @scottallums
    @scottallums 3 роки тому +4

    Great video Matt. This is a really good mix of humor while still providing good information to consumers. Well done!

    • @bankruptcybailout
      @bankruptcybailout  3 роки тому +2

      Thank you for the positive feedback. I enjoy your channel as well. You have very informative and useful videos.

  • @green5sing
    @green5sing 5 місяців тому +1

    That was perfection ❤❤❤❤❤

  • @judypolstra
    @judypolstra 2 роки тому +3

    OMG! HILARIOUS!! I won a lawsuit against my two neighbors. One of the two just filed Chapter 13 to avoid sitting for a depo and to avoid having their wages garnished. I LOVE that this process seems more painful than sitting for another depo and wage garnishment would have been. They have a lien on their house. Sooner or later I will get paid. I can wait...

  • @redciroc1211
    @redciroc1211 2 роки тому +3

    When filing bankruptcy chapter 7 do you have to list all your creditors or do you only have to list all your debts??? Because people may have credit accounts in good standings with $0 balances so technically that's not debt please elaborate

    • @bankruptcybailout
      @bankruptcybailout  2 роки тому +3

      You have to list debts (money owed). In addition, you have to list debts even if you dispute owing the debt. However, if you don't owe an entity money (i.e., a $0 balance), then you don't have to list that creditor on your bankruptcy schedules. However, if we are talking about institutional creditors (e.g., credit cards), they will find out about your bankruptcy anyway and 99 out 100 times close the account.
      The moral of the story: Do not pay off a credit card ahead of filing bankruptcy in hopes you can keep that credit card. You won't. The underwriter is going to close the account. The reason is that the bankruptcy makes you no longer eligible for the card (from a creditworthiness perspective).

  • @MysticMountainNebula
    @MysticMountainNebula 2 роки тому +1

    As someone who recently filed for a chapter 7, I am scared of the 341 meeting. My attorney said we will be able to keep my house and car in the process. Is it possible they could say I actually in fact do have to give up my house, and in this case can I convert a 7 to a 13?

    • @bankruptcybailout
      @bankruptcybailout  2 роки тому +1

      There is no mystery about keeping a house and car in bankruptcy. If your attorney said you can keep them, and assuming he or she knows what they are doing, it isn't an issue. Converting a case is a more involved analysis. If you have concerns, discuss them with your attorney.

  • @vinnydejesus9171
    @vinnydejesus9171 Рік тому +1

    I’m doing bankruptcy once I put my phone on mute how do I know when they call my name need help with this question

    • @bankruptcybailout
      @bankruptcybailout  Рік тому

      Really...you only need to put your microphone on mute, not the speaker. 😁

  • @bankruptcybailout
    @bankruptcybailout  3 роки тому

    The fun starts around 1:25, ua-cam.com/video/ddJnadPc7MA/v-deo.html