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What is a 341 meeting?

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What is a 341 meeting?

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A 341 meeting is referred to as the “meeting of creditors.” All creditors are notified and can attend, but their attendance is not required. Debtors are required to attend the 341 meeting and the meeting is conducted by the trustee assigned to the case. The debtors are also required to testify under oath and answer questions by creditors and/or the trustee. This meeting is held approximately 40 days after the bankruptcy petition is filed. Debtors must provide photo identification and proof of social security number to the trustee.

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This is the first meeting of creditors scheduled by the trustee in bankruptcy after a bankruptcy petition has been filed.

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The 341 is a meeting the meeting of creditors, though few ever actually show. This meeting allows creditors to object to the bankruptcy. If they do attend this meeting, your attorney will assist you in dealing with them.

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