Can banks or credit card companies object to my bankruptcy?
About a month after you file a petition for personal bankruptcy in Rhode Island, you must go to the Federal Center in downtown Providence and meet with a bankruptcy trustee. The bankruptcy trustee is not a judge; rather, she or he is appointed by the court to try to get back money from you for banks, credit card companies, and others you owe money to.
At this meeting (called a 341 meeting of creditors
), the trustee may ask you questions, trying to see if you lied, left out important information, or otherwise incorrectly filled out your bankruptcy petition and could really pay back more money. Sometimes, banks and other creditors will also come to this meeting and ask their own questions. It is important that you answer each question carefully and honestly to avoid being charged with perjury
, which is a federal crime.
Fortunately, the trustees tend to ask similar questions each time. So it’s possible to prepare for this meeting with help from an experienced bankruptcy attorney. And even if the trustee asks you a “curve ball” question, you’ll then have an experienced attorney sitting by your side to coach you through without any problems, as is usually the case.
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