What is the “341 Meeting” also known as “The Meeting of the Creditors?
• Do not be alarmed or nervous about this meeting. You will be testifying as to the truthfulness of what you and an attorney have already gone over in great detail. It will be based on the information in your bankruptcy petition. The meeting is presided over by a trustee. There is no judge, as the meeting is very informal and not the least bit adversarial. The meeting typically lasts about 3 or 4 minutes. It is not unusual for a trustee to hear 20 to 30 cases in an hour period. At the meeting, you will be asked to take an oath to tell the truth. The meeting will be tape recorded so you must speak clearly when answering any questions you are asked by the trustee. In addition to your name and address, the trustee will ask you to verify your social security number, check to see that you saw the petition and schedules before you signed them, make sure that you did in fact sign the documents yourself, question you about your property and the people you owe money to, verify your income and a
