Detroit Bankruptcy Lawyers: What Is A “341” Meeting?

A 341 meeting comes from 11 U.S.C section 341 of the Bankruptcy Code and simply put, it is a meeting of your creditors. This hearing is held at the US bankruptcy Court, in Downtown Detroit- (if you are in the Eastern District of Michigan), usually 4-5 weeks after your case is filed. You are required to attend this hearing and answer the questions that are asked. This meeting is conducted by the Chapter 7 or Chapter 13 trustee assigned to your case and it is conducted under oath. The trustee’s job is find any un-exempt assets, and to convert those un-exempt assets to cash for the benefit of your creditors. The trustee will ask questions about the value of your home, the amount owing on your home, where you work, how much you make, what do you own in regards to stocks, bonds, 401 (k), etc., and if you read and reviewed the bankruptcy petition and if it is accurate. You must bring a picture identification and proof of your Social Security number with you, or the meeting will be adjourned or dismissed. Your creditors have the right to attend this meeting and ask questions of you regarding your debts you have with them. In reality, your creditors probably will not show up at this meeting. If you are in a Chapter 7, they will not receive anything, so they do not want to pay a lawyer to show up at this meeting. This meeting usually lasts around 5-10 minutes once your case is called. It is quick, easy, and painless and required by law. Of course, your Detroit Bankruptcy Lawyers will be in attendance with you at the 341 meeting in order to represent you. We will meet with you about a half hour before hand to review your petition and prep you for the meeting, so you are prepared to answer the questions. Most of our clients are really surprised how quick and easy the meeting goes, so don’t worry too much about the 341 meeting. Call your Detroit Bankruptcy Lawyers at (586) 439-4297, Extension 0, and set up your free consultation and get your bankruptcy questions answered.
27 Responses to Detroit Bankruptcy Lawyers: What Is A “341” Meeting?
  1. […] This post was mentioned on Twitter by . said: […]

  2. […] in the Eastern District of Michigan, then you will have to go to the U.S. Bankruptcy court for your “341″ meeting. This will involve the U.S. trustee, and or your creditors, if they decide to show. There is no […]

  3. Detroit Bankruptcy Lawyers: What Is A
    June 30, 2010 | 7:52 pm

    […] Regardless if you file a Chapter 13 or a Chapter 7, the United States Trustee will appoint a trustee to your case. These Trustees are usually lawyers or accountants and they will conduct your “341″ Meeting. […]

  4. […] and their name will not be disclosed to the petition. And your spouse will not attend the 341 meeting […]

  5. […] not try to navigate the Means Test on your own. I have seen many people sitting in their “341″ meetings who tried to file their own bankruptcy to save money, only to find the Trustee beating them up in […]

  6. […] that being said, bankruptcy filingis a public record and your341 meeting is open to the public. But this does not mean that your bankruptcy will become the hot topic of the […]

  7. […] Whether you file a Chapter 7 or a Chapter 13, and even though your spouse is not filing, you will have to disclose your household income and expenses in your bankruptcy petition. That means you will have to disclose the income your spouse earns and the expenses your spouse pays. That is the way the law is written. But your spouse will not be listed on the petition and their name will not be disclosed on the petition. And your spouse will not have to attend the 341 meeting. […]

  8. […] being said, bankruptcy filing, whether a Chapter 7 or a Chapter 13, is a public record and your 341 meeting is open to the public. But this does not mean that your bankruptcy will become the hot topic of the […]

  9. […] that being said, bankruptcy filing is a public record and your 341 meeting is open to the public. But this does not mean that your bankruptcy will become the hot topic of the […]

  10. […] that being said, bankruptcy filing is a public record and your 341 meeting is open to the public. But this does not mean that your bankruptcy will become the hot topic of the […]

  11. […] that being said, bankruptcy filing is a public record and your 341 meeting is open to the public. But this does not mean that your bankruptcy will become the hot topic of the […]

  12. […] and not worry about what others think. Having said that, bankruptcy is a public record and its 341 Meeting is open to the public. But that does not mean that your bankruptcy will become a hot topic in the […]

  13. Bankruptcy Lawyers Colorado | Bankruptsy Fix
    November 20, 2011 | 4:25 pm

    […] that being said, bankruptcy filingis a public record and your341 meeting is open to the public. But this does not mean that your bankruptcy will become the hot topic of the […]

  14. […] of your case from the initial consultation to the petition preparation, to representing you at the 341 meeting, right down to the discharge. You will never deal with a paralegal, secretary, or another […]

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