Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
Special Meeting Of Creditors In Wake
State:
Multi-State
County:
Wake
Control #:
US-0014-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
For many people, the 341 meeting is the most anxiety-inducing part of the bankruptcy process. However, the reality is much simpler: the trustee is just doing their job, and the meeting is usually over in a matter of minutes.
However, you should also treat the trustee with respect and courtesy by being prepared for your hearing and truthful in your responses. In most cases, 341 Meeting horror stories happen because a person hired an inexperienced bankruptcy attorney, files bankruptcy without a lawyer, or hires a lousy attorney.
During this meeting, you must answer questions posed by the trustee to confirm your identity and financial disclosures. Now, in most consumer cases, creditors don't attend the 341 meeting, even though it's called the meeting of creditors. In probably 95, if not 98% of cases, no creditors actually attend.
LET US HELP YOU PREPARE FOR YOUR 341 MEETING State your name and address. Have you reviewed the Bankruptcy Information Sheet? (This information sheet was given to you at the time of filing. Have you moved since you filed your bankruptcy? Did you sign your bankruptcy schedules?
However, in most Chapter 7 and Chapter 13 cases, the appearance of a creditor at the 341 meeting doesn't result in any complications. Even when a creditor does attend, the trustee handles most of the discussion, and the meeting proceeds smoothly.
During this meeting, you must answer questions posed by the trustee to confirm your identity and financial disclosures. Now, in most consumer cases, creditors don't attend the 341 meeting, even though it's called the meeting of creditors. In probably 95, if not 98% of cases, no creditors actually attend.
LET US HELP YOU PREPARE FOR YOUR 341 MEETING State your name and address. Have you reviewed the Bankruptcy Information Sheet? (This information sheet was given to you at the time of filing. Have you moved since you filed your bankruptcy? Did you sign your bankruptcy schedules?
In most cases, you'll have provided verifying documents to the trustee before the meeting of creditors. For instance, it's common to send the trustee paycheck stubs, bank and retirement statements, and income tax returns. Some trustees require additional documents.
Preparing for the Meeting of Creditors: Before the meeting of creditors, you'll want to review your bankruptcy petition carefully. If you find that you've missed something or see an inaccurate entry, you should: file an amendment before the hearing, if possible, or.
At the meeting of creditors—also called the 341 hearing—the debtor meets with the trustee appointed to oversee the case. The trustee will check identification and ask a series of questions about the bankruptcy paperwork. Creditors can attend and ask about financial matters as well, although few appear.
More info
These virtual 341 meetings via Zoom will be implemented on a rolling basis through early 2024. Creditors can attend and ask about financial matters as well, although few appear.Most 341 hearings last less than 10 minutes. The only information you're statutorily required to bring to the meeting of creditors is proof of identification and your Social Security number. A Chapter 7 or 13 Trustee will ask you basic questions many that are listed below. Creditors usually do not show up for this meeting. The meeting is an opportunity for the bankruptcy trustee and creditors to question the debtor under oath regarding their assets, liabilities, and other matters. The 341 meeting of creditors is a required meeting between a bankruptcy filer, the bankruptcy trustee, and sometimes creditors. The 341 meeting of creditors is a hearing that allows the bankruptcy trustee to verify your petition and make sure that you were the person who filed it. The meeting of creditors or "341 hearing" takes place in every Chapter 7 and Chapter 13 bankruptcy case.
