341 Meeting of Creditors
Approximately one (1) week to ten (10) days after the bankruptcy petition is filed, you will receive a piece of paper from the Clerk of the Court stating the time, place and date where you must go to meet with the Trustee assigned to your case. This meeting is known as the section 341 meeting of creditors. This is a meeting where the Trustee and your creditors have the opportunity to question you regarding your bankruptcy filing and the information on your bankruptcy petition. The questioning by the Trustee generally lasts about 5 minutes per case, however you may have to wait 1 hour or more until your case is called.
For the 341 meeting, you should review Documents an Individual May Need to File for Bankruptcy.
At the 341 meeting, which is tape recorded, the Trustee will call you up, introduce himself or herself, ask to see your Social Security card and a photo I.D. and proceed to ask you a series of questions. At the meeting you will also need to review the 341 Information Sheet which can be viewed at the hearing room. The questions the trustee will ask are as follows: (a) state your name and address for the record, (b) the trustee will show you a copy of the bankruptcy petition and ask if that is your signature, (c) the trustee will ask if you have listed all of your assets and liabilities on the bankruptcy petition and (d) how you got into financial trouble. These are the basic questions and each trustee will ask several other questions based on your facts and circumstances.