341 Hearing; Bankruptcy

341 Meeting Understanding the Process

07/31/12

Bankruptcy is a complex solution to a complex problem. It can be an intricate process,especially when it comes to Chapter 7 bankruptcy. One aspect of that process is the 341 Meeting. While its name may sound like legal gobbledygook, its purpose in the bankruptcy process is vital. The Purpose of a 341 Meeting The 341 [...]

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The “341 Hearing” – What Should I expect?

10/02/11

The creditors’ meeting, otherwise known as 341 meeting, is a procedural step in every Chapter 7 and Chapter 13 bankruptcy. In a typical 341 meeting, the debtor will be asked questions under oath by the bankruptcy trustee with respect to his or her financial affairs. Most debtors are apprehensive of the 341 meeting. While 341 [...]

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