The Chapter 7 meeting of creditors (also called the 341 hearing) is a meeting at which the bankruptcy trustee and your creditors get to ask you questions under oath about your bankruptcy petition and the documents you’re required to provide the trustee.
What can I expect at a bankruptcy hearing?
At the hearing, the trustee’s job is to have you verify under oath that all of the information you disclosed is correct and ask you questions regarding any discrepancies, errors, or items that don’t comply with applicable bankruptcy laws.
What questions do they ask at 341 Meeting?
8. Trustees Are Required to Ask Standard Questions at the 341 Meeting.
- Did you review your bankruptcy schedules prior to signing?
- Are your bankruptcy schedules true and accurate?
- Did you supply this information to your lawyer?
- Do you have to make any changes to your schedules?
What happens after a 341 meeting in bankruptcy?
Let’s Summarize… In most consumer bankruptcy cases under Chapter 7, not much happens after the 341 meeting is done. It’s actually a good thing not to hear anything from anyone (including your trustee) after the meeting. The court will grant your bankruptcy discharge 60 – 90 days after the meeting.
What do you need to know about the 341 meeting?
During your bankruptcy case, whether you file under Chapter 7 or Chapter 13, you will have to attend a meeting with your creditors and the bankruptcy trustee in charge of your case. This meeting, called the “341 meeting” (after its location in the bankruptcy code), the creditors’ meeting, or the meeting of creditors, can be hard to prepare for.
Who is presiding over the 341 meeting of creditors?
The 341 meeting is presided over by the bankruptcy trustee that was appointed in the case. The meeting is an opportunity for the bankruptcy trustee and creditors to question the debtor under oath regarding their assets, liabilities, and other matters that pertain to their bankruptcy case.
Where is the bankruptcy court meeting of creditors held?
The meeting of creditors is generally based on the county in which the debtor resides. Each Bankruptcy Court publishes a list of locations for 341 meetings to be held within their district. The 341 meetings for Seattle and Western Washington are found here.
