I had my 341 meeting in Louisiana today and it went very smoothly. The questions asked were:
Name and address?
Have you been a resident of the state for the last 2 years?
Do you make any support payments?
Do you have any pending lawsuits?
He stated my monthly income and asked if it was correct.
Did you send you first plan payment?
(The Trustee stated that each payment is due by the recurring due date)
We then went through each secured debt paid in and out of the plan. For each one he would state the lender and whether it was paid in or out of the plan.
He then gave me booklet and a stack of payment envelopes and asked that I used them for all plan payments.
Quite painless except possible for the fact I had a group of about ten other debtors in the room with me. I guess they’re in the same boat, but it’s still a little embarrassing.
The only problem I had was due to my attorney not making corrections to the matrix I requested 3 weeks prior. I called his office afterward and his assistant found the paperwork that she had apparently misplaced. I asked the trustee about this issue when I noticed it at the meeting and he said that I would have to file an amendment. He didn’t make as big a deal out of it as I did, so hopefully this will be O.K. Fortunately they are four very small accounts (under $1000 ea.)
I was told that I might have to give up my 401K contributions to the plan, be the trustee didn't ask for them. The booklet is also quite general stating only that the trustee may take tax returns for payment to the creditors, but no demand for tax paperwork each year. I'll double check with the atty., but this may be very good news.
Name and address?
Have you been a resident of the state for the last 2 years?
Do you make any support payments?
Do you have any pending lawsuits?
He stated my monthly income and asked if it was correct.
Did you send you first plan payment?
(The Trustee stated that each payment is due by the recurring due date)
We then went through each secured debt paid in and out of the plan. For each one he would state the lender and whether it was paid in or out of the plan.
He then gave me booklet and a stack of payment envelopes and asked that I used them for all plan payments.
Quite painless except possible for the fact I had a group of about ten other debtors in the room with me. I guess they’re in the same boat, but it’s still a little embarrassing.
The only problem I had was due to my attorney not making corrections to the matrix I requested 3 weeks prior. I called his office afterward and his assistant found the paperwork that she had apparently misplaced. I asked the trustee about this issue when I noticed it at the meeting and he said that I would have to file an amendment. He didn’t make as big a deal out of it as I did, so hopefully this will be O.K. Fortunately they are four very small accounts (under $1000 ea.)
I was told that I might have to give up my 401K contributions to the plan, be the trustee didn't ask for them. The booklet is also quite general stating only that the trustee may take tax returns for payment to the creditors, but no demand for tax paperwork each year. I'll double check with the atty., but this may be very good news.
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