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What is a meeting of creditors in bankruptcy?

Posted by Ellen Brown | Oct 27, 2023

A meeting of creditors, also known as a 341 meeting, is a hearing that takes place in the bankruptcy process. During this meeting, the person who has filed for bankruptcy (known as the debtor) meets with a bankruptcy trustee by telephone or zoom and any creditors who have chosen to attend (this is rare creditors almost never appear). The purpose of the meeting is to give the trustee an opportunity to ask the debtor questions about their financial situation and bankruptcy case.  We will have reviewed all of these questions with you before your case is filed.

The meeting of creditors typically lasts only a few minutes and is usually held about a month after the bankruptcy case is filed.

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