341 Creditors Meeting: A Debtor's Visit to Bankruptcy Court
In every bankruptcy, the debtor is required to visit the bankruptcy court for the 341 Creditors Meeting. The “meeting” is a hearing conducted by the bankruptcy trustee so they may ask the debtor questions about their financial condition.
It is called the 341 Meeting of Creditors because the debtor’s creditors may also appear and question the debtor as well.
Many debtors become apprehensive and fearful when learning of the required 341 Creditors Meeting, and the right of their creditors to be present. However, there is no reason to be. Here are some reasons to look forward to your day in bankruptcy court, and be one step closer to obtaining your fresh start.
For a court hearing, the 341 Creditors Meeting is as “short and sweet” as it gets.
The 341 Creditors Meeting only lasts about 15 minutes, but may be as short as 5 minutes. If you are represented by an experienced attorney who is organized and prepared for the hearing, it is a painless experience. The trustee will ask you and your attorney a few simple questions. The trustee’s questions are only intended to confirm the information received in the bankruptcy petition filed by your attorney, and insure the information is up to date and truthful. The majority of the questions require a simple “yes” or “no” answer.
In a Chapter 7 bankruptcy, it is the only time a debtor must appear in bankruptcy court.
The only thing left to do after the 341 Creditors Meeting for a Chapter 7 debtor is complete the 2nd Debtor Education class, and make sure your attorney has a copy of the certificate to provide to the bankruptcy court. After that, sit back, relax and wait for your discharge.
Creditors are no-shows.
The 341 Creditors Meeting is the last chance your creditors have to inquire about your debts and finances, and most creditors don’t show up. Even in the extremely rare case where a creditor does appear, there is no reason to fear when you are represented by an experienced bankruptcy attorney.
Let the Ohio Bankruptcy Attorney file your bankruptcy and help you through the process, including the 341 creditors meeting. Get a fresh financial start for a new tomorrow! Contact Attorney David J. Smith at (937) 318-1529 to schedule your free telephone or in-office consultation today, or simply use the contact form on this page.
