A 2004 Exam

A 2004 Exam

A 2004 exam  is a deposition that can be held in bankruptcy matters when the 341 meeting of creditors’ time frame is not enough.

The Trustee or a creditor may further examine you as a debtor outside of the Meeting of Creditors by way of a 2004(a) examination. The creditor or trustee must obtain a court order to conduct this examination, which can last an entire day or more. If you are required to attend a 2004(a) examination, it is likely because you have an aggressive creditor or Trustee who believes you are hiding something or lied on your petition.

2004 exams are unlikely in most bankruptcy cases and happen in less than 1% of the cases that I have been involved in. The best way to avoid having a 2004 exam is to provide 100% truthful and complete information in your bankruptcy petition, and then provide truthful answers at your 341 meeting of creditors.