Legal Question in Bankruptcy in Wisconsin
Questions
In a meeting of creditors, what kind of questions are asked???
1 Answer from Attorneys
Re: Questions
The trustee normally goes over most things in the debtor's petition and schedules, and asks if the debtor has received any inheritances, gifts, grants, etc. The trustee very well may go over the usual and ordinary questions already posed to the debtor by his or her attorney in the initial consultation phase of bankruptcy representation. The trustee may also ascertain how attorney and filing fees were paid, and ask questions relative to any copies of deeds, auto titles, tax returns, insurance coverage (liquid assets?), nature of any business enterprises owned/operated by the debtor and other personal information. Then the trustee invites any of the debtor’s creditors who may have appeared to ask questions, though the trustees are usually quite quick at cutting them off if they appear to be trying to use the sec. 342 meeting for discovery purposes.
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