341 Meeting For A Chapter 7 or Chapter 13 Bankruptcy

When you file for Chapter 7 or 13 bankruptcy, you are required to have a 341 meeting...

When you file for Chapter 7 or 13 bankruptcy, you are required to have a 341 meeting.  A 341 meeting takes place in a federal building and there is no judge present.  There is a trustee assigned to your case and you, the debtor, will answer a series of questions to determine your identification, that you understand the bankruptcy, and have provided all the necessary paperwork. The trustee will also determine that there is no bankruptcy fraud involved.  

The 341 meeting will usually be about ten to fifteen minutes in length and will require some documentation.  Before the meeting you will be required to show your income, expenses, assets and debt. Creditors will be notified of your 341 meeting, but will not be required to attend.  Most creditors will not attend. 

To find out more information about 341 meetings and Chapter 7 and 13 bankruptcy, contact the offices of M.C. Law Group at mclawgroup.net