What goes on in a bankruptcy ch 7 341 meeting of creditors?

Question

Do they sell some or all of your non exempt items in Texas?

Answer 1

It's a chance for your creditors to show up and protest you including them in your bankruptcy.

When I went through mine back in 2001 no one even showed up.

Answer 2

Your creditors will be there. You can express your sadness in your inability to meet your obligation. It is suggested that you bring any and all documentation which substantiates your reasons fro your financial situation. Ideally, you should have any and all records concerning debts, income, assets, liabilities, dependents, expenses, and other information which is pertinent at this time. Be prepared to be asked specific questions concerning your plans to pay, income and other liquidity you can provide. As Texas is a Homestead State, your house will be secure.