What is the Meeting of Creditors?

What is a Meeting of the Creditors?

What is the Meeting of Creditors?

The court schedules a meeting of the creditors after the filing of Chapter 7 or Chapter 13 bankruptcy petition. This meeting is also known as a “341a Hearing”.

At this hearing, the trustee will “swear in” the debtor.  After that, the trustee will ask the debtor a series of questions to determine if there are assets or income that can be recovered from the debtor and paid to the creditors. Attendance at this hearing is mandatory. If a debtor fails to appear at this meeting, then they will not receive a bankruptcy discharge.

The bankruptcy trustee controls the meeting. Creditors have the right to show up to question the debtor as well. It is rare that a creditor will actually appear at the meeting. This is not a formal court hearing.  For most debtors in Chapter 7 and Chapter 13 cases, the hearing can be completed in a matter of minutes.

When is the Meeting of Creditors?

The meeting is typically scheduled 21-40 days after a bankruptcy petition is filed.

Contact Jessica Nomie Law today if you have questions about filing for bankruptcy. We offer free consultations 7-days a week.

The information and materials provided in this article have been prepared for informational purposes only and do not constitute legal advice and do not constitute an attorney-client relationship between you and this law firm. If you believe you have a legal case or claim, you should contact an attorney promptly; strict time limitations may apply to your case or claim.

We are a debt relief agency.  We help people file for relief under the Bankruptcy Code.

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