What Should You Expect at the Meeting of the Creditors


The meeting of the creditors also called the 341A hearing is nothing to fear. The meeting is normally scheduled 45 days after the filing of the bankruptcy petition. The meeting is usually held in the Federal courthouse. It is normally held in a room, not an actual court room, so you do not need to fear seeing the judge. The meeting is conducted by a the Bankruptcy Trustee who has previously reviewed your bankruptcy petition.

The Bankruptcy Trustee will conduct the meeting usually at a large table at the front of the room. The remainder of the room is filled with chairs were everyone sits while they wait for their case to be called. Upon your case being called you go sit at the table were you will be sworn in. The Bankruptcy Trustee will then proceed to go over your petition with your for if things go smoothly 2-3 minutes. If you have retained an attorney they will sit next to you to calm your nerves and assist if needed.

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Creditors rarely attend the meeting even though it is the primary purpose of the meeting. If your creditor does show up they will be given a very short period of time to ask you questions. The main question they will have is regarding the collateral that they gave you with the loan obtained from them. The most common creditor to show up is that of vehicles if you have not been making the payments or already surrendered the vehicle.


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