We've joined the 60-Day club!
Our 341 meeting was this morning.
Went in feeling anxious and a little sick to my stomach (it's just a stressful thing to have to face).
We arrived about an hour early to watch a few hearings. Our lawyer arrived about 30 minutes before our hearing. I have to say, it pays to have a good lawyer. He was completely prepared with all of our paperwork. When the trustee asked for bank statments..."I believe you already have those"...and of course, the trustee did.
Then our lawyer notified him of an update to the filing (our 2009 amended return which we anticipated over $1300 coming back to us turned out instead to be a $350 bill from the IRS - the irony was not lost on the trustee and he gave us a very sympathetic "oh man, that really sucks" kind of look and kind of chuckled along with us...meh...that's just the way it goes sometimes).
We went through all the expected questions and no creditor objections arose (*whew*). Finally, the trustee says "well, given your current situation, the fact that there are no creditor objections, and considering this new information regarding the IRS, I'm deeming this a no asset case. You are dismissed."
My husband and I wore business casual (as recommended by this awesome forum!), we had a 3 ring binder with all our details and paperwork (again a tip from this forum, turned out we didn't need it because of our excellent lawyer) and we answered the trustee clearly without blabbering unneeded details (our attorney said "just answer yes or no unless the trustee asks for more information"). Took us about 8 minutes from start to finish. Feels very good to have that behind us.
I have to say, because of this forum, my husband and I knew what to expect and how to properly present ourselves to make the best use of the trustees very precious time (sadly, he had a lot of cases to hear today
, so many people going through this).
Went in feeling anxious and a little sick to my stomach (it's just a stressful thing to have to face).
We arrived about an hour early to watch a few hearings. Our lawyer arrived about 30 minutes before our hearing. I have to say, it pays to have a good lawyer. He was completely prepared with all of our paperwork. When the trustee asked for bank statments..."I believe you already have those"...and of course, the trustee did.
Then our lawyer notified him of an update to the filing (our 2009 amended return which we anticipated over $1300 coming back to us turned out instead to be a $350 bill from the IRS - the irony was not lost on the trustee and he gave us a very sympathetic "oh man, that really sucks" kind of look and kind of chuckled along with us...meh...that's just the way it goes sometimes).
We went through all the expected questions and no creditor objections arose (*whew*). Finally, the trustee says "well, given your current situation, the fact that there are no creditor objections, and considering this new information regarding the IRS, I'm deeming this a no asset case. You are dismissed."
My husband and I wore business casual (as recommended by this awesome forum!), we had a 3 ring binder with all our details and paperwork (again a tip from this forum, turned out we didn't need it because of our excellent lawyer) and we answered the trustee clearly without blabbering unneeded details (our attorney said "just answer yes or no unless the trustee asks for more information"). Took us about 8 minutes from start to finish. Feels very good to have that behind us.
I have to say, because of this forum, my husband and I knew what to expect and how to properly present ourselves to make the best use of the trustees very precious time (sadly, he had a lot of cases to hear today
, so many people going through this).
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