What is a 341 Meeting and what can I expect?
Whether you file for chapter 7 or chapter 13 bankruptcy, you will need to attend a meeting of creditors or 341 Meeting. This is a meeting of 5-10 minutes with the bankruptcy trustee. An attorney will also be present. The meeting is called a creditors’ meeting, but very few creditors attend. In most cases, individuals can expect to be alone at the meeting. The trustee will ask you questions in order to verify your case. These questions are usually yes-or-no questions. These questions are usually similar to those that your attorney will ask before filing a case. You will most likely have heard these questions before the hearing.
You might be wondering how you should prepare for your 341 meeting. Before your hearing, your attorney should go over a list of questions that the trustee will ask you. Your attorney can provide more information about what to expect. In the present day, 341 meetings take place via zoom. It is a great idea to familiarize yourself with the technology before the hearing. Signing in to Zoom is a good idea if you’ve never used it before. You don’t need to experience the stress of using Zoom the first time at your hearing.
The meeting with the creditors may seem intimidating, but you will have an attorney by your side. Stay calm and answer all questions honestly. If you don’t know the answer, you can say “I don’t know”. Listen to the trustee’s question and answer them honestly. Call now for a free strategy session with a MN bankruptcy lawyer at LIFEBACK LAW FIRMS
If your debts are overwhelming, you should consult with a bankruptcy attorney. If you have questions about bankruptcy and would like to do a free consultation to go over your options, visit
www.lifebacklaw.com
to speak with an attorney. You’ll be glad you did it!
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