A 341 hearing is also called a meeting of creditors. This takes place between you, the Trustee, and your creditors – if any of them show up. It’s a short meeting, but a very important one, and you will be asked about 20-25 questions about your financial situation. This type of meeting is consistent across all types of bankruptcies – Chapter 7, Chapter 11, and Chapter 13 being the most commonly filed types of bankruptcies. Ideally, you should attend with your attorney present, make any amendments to your case before this meeting, and make sure that the trustee is advised of any changes. In general, the meeting follows this type of format as provided by the Justice.gov website. Bankruptcies, as with all other legal proceedings, follow a set procedure and form.
As you can see, the 341 meeting is a little intimidating to face on your own, and unfortunately court workers, the trustee, and clerks are not permitted to advise you. Even with a “simple” Chapter 7, this kind of meeting is mandatory. You should have an experience bankruptcy attorney to help you file and be by your side at this meeting. If you’re thinking of filing for bankruptcy you should talk to us first. We offer free consultations at either in Fort Lauderdale or our new West Palm Beach office. Give us a call today at 954-765-3166 and let’s get started.
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