Miami Florida Bankruptcy Blog

Posts Tagged ‘Chapter 13 Bankruptcy’

Bankruptcy is a unique process for most people involved in it. Many things that you do are unfamiliar and can often be uncomfortable, if you have not been prepared for them. One of the key events in any bankruptcy filing is the 341 Hearing or Meeting of Creditors. If everything goes right this should be your only visit to the Bankruptcy Court!

The 341 Hearing is a relatively simple meeting. You will be in a hearing room with your attorney, the trustee, possibly some of your creditors or their attorneys and possibly an attorney from the U.S. Trustee’s office. There will also most likely be some fellow citizens who are there for their own bankruptcy hearings.

The Trustee is not a judge, but an individual who is charged with reviewing your bankruptcy petition and administering your bankruptcy estate. The 341 Hearing itself is usually a very simple question and answer process with the Trustee. The Trustee will typically ask you the following:

1. Did  you read your bankruptcy petition before signing it?

2. Why did you file for bankruptcy?

3. Some questions about specific aspects of your petition, debts, etc.

Then the trustee will then ask if there are any creditors present and allow any creditor or their attorney to ask you some limited questions about their specific debt. After that, typically you will be shown the “Green” Bankruptcy Information Sheet and asked if you have read it. It is very important that you read the Green Sheet before your hearing. In the Miami-Dade Bankruptcy Court, it is posted outside of the Trustee’s Hearing Room. It is provided in both English and Spanish.

The “Green” Bankruptcy Information Sheet provides you with one last explanation of the Bankruptcy Process. It is important that you read this sheet, even though you already know what is on it, because if you don’t the Trustee will make you go and read it and your 341 Hearing will be extended until you finish reading it. The bottom line is read it a head of time and your hearing will go much quicker.

At Matthew Mazur, P.A. we work with our clients to prepare them for their 341 Hearing. As a Miami Bankruptcy Attorney, I pride myself on having my clients prepared for their Meeting of Creditors and comfortable with the process before it ever happens. It is important for anyone going through a bankruptcy to be comfortable with the process because it can be a very uncomfortable situation to be in.

If you are thinking of filing for bankruptcy and would like more information, please visit our informational website for more information. At this website you will find useful information to better educate you about what bankruptcy has to offer.  If you would like to set up a Free Initial Consultation, contact our office today.

Matthew Mazur, P.A. represents individuals and families in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy cases in Miami, Coral Gables, Pinecrest, Hialeah, South Miami, Homestead, Aventura, North Miami, Miami Beach, Coconut Grove, Palmetto Bay, Westchester, Kendall, Miami Gardens, Miami Springs, Sunny Isles, Bal Harbor, throughout Miami-Dade County, Weston, Hollywood, Plantation and Broward County, Florida.

Matthew E. Mazur, Jr. Esq., is the managing shareholder of Matthew Mazur, P.A., a Coral Gables, Florida based law firm that represents clients in Bankrutpcy matters. For more information please visit www.coralgablesbankruptcyattorney.com.

The House Rules Committee just minutes ago agreed to allow the bankruptcy modification amendment to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!

The amendment is being fiercely opposed by the business and financial services communities. If we are to help people struggling to keep there homes we all need to work together. Please follow the insturctions below. Ask everyone you know to call and we need to get people calling in IMMEDIATELY.  The passage of this amendment would allow the Bankruptcy Courts to help hardworking people stay in their homes!

Help save peoples homes! Do the following:

1. Phone toll free at: 877.354.4958

2. Put in your zip code

3. When you reach the receptionist:

• State your name
• Say that you are a constituent
• Ask the Representative to vote FOR the Conyers-Turner-Lofgren amendment (#201) to the Financial Services Reform bill.
• This amendment will cost taxpayers NOTHING and will save millions of homes from foreclosure

Call today!

Matthew E. Mazur, Jr. Esq., is the managing shareholder of Matthew Mazur, P.A., a Coral Gables, Florida based law firm that represents clients in Bankrutpcy matters. For more information please visit www.coralgablesbankruptcyattorney.com.