November 21st, 2008
A 341 hearing is a hearing required by the Bankruptcy Code under Section 341. It is often referred to as the Meeting of Creditors. Once a bankruptcy case is filed, your hearing is usually scheduled with 20-45 days. This is the chance for your appointed Trustee to ask you questions about your case. The questions are generally fair, reasonable, and easy to answer. It is also the chance for your creditors to question you. Most of the time, your creditors will not appear at the hearing, but if they do, your attorney will be there to help you. Usually, there is an entire room full of people in your exact situation and there is no reason to be embarrassed or nervous.
Posted in Concerns About Filing For Bankruptcy, The Filing Process | 2 Comments »
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