Meeting of Creditors

A 341 meeting of creditors occurs early in an bankruptcy case and is an opportunity for the bankruptcy trustee and creditors to inquire into the financial affairs of the debtor.

Synonyms: 
First Meeting
341 meeting
Glossary Terms: 
Trustee

Frequently Asked Questions

Our frequently asked questions also address Meeting of Creditors:

What is my meeting of creditors?

A meeting of creditors, also known as a 341 meeting, is a meeting that occurs in every bankruptcy case and permits questions to be asked of the debtor(s). Despite its name, creditors generally do not attend a meeting of creditors. Instead, the bankruptcy trustee or his or her representative will be the primary individual asking questions. Your debtor's attorney attends the meeting with you. At Fabricius & Fabricius PLLC, our standard practice is the that same attorney who assisted you pre-filing will accompany you at the meeting.

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Where is my Raleigh meeting of creditors held?

Each bankruptcy case has a section 341 meeting of creditors, where the bankruptcy trustee inquires with the debtor about his or her bankruptcy petition. Attendance at this meeting is an essential part of completing the bankruptcy process.

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What are the Deadlines Set in a Chapter 7 Bankruptcy?

Several deadlines are set or set in motion after a chapter 7 case has been filed. Several of these are keyed to 341 meeting date that will be set within a few days of the case being filed. Each of these deadlines can be extended by the court upon timely request, and such extensions are not unusual.

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Blog Posts

We have discussed Meeting of Creditors in the following posts on our bankruptcy blog:

Is the Meeting of Creditors Something to Fear?

Sep 10, 2013

Every bankruptcy case includes a meeting with the case trustee known by various names including the "Meeting of Creditors", "341 Meeting", and "First Meeting". In many bankruptcy cases, this is the only court-type appearance for individual seeking bankruptcy protection, and is often a point of anxiety for a prospective bankruptcy filer. It doesn't have have to be, and in this post I'll discuss a few misconceptions, some basics, and when the meeting can be a legitimate source of problems.

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