341 Hearing: Meeting of Creditors
What is the Purpose of a 341 Hearing?
A 341 Hearing is also referred to as a 341 Meeting of Creditors. This means, just as the title suggests, that your creditors have the opportunity to appear at this hearing. Any that choose to come can ask you questions about your bankruptcy petition. Your bankruptcy trustee will also be there to ask similar questions.
How to Prepare for your 341 Hearing
If you have a bankruptcy attorney, they should be able to prepare you for the types of questions your bankruptcy trustee will ask. They will also be able to guess which creditors may actually appear at the hearing, based on the type of creditor and the attorney’s past experience. You need to prepare your defense if you believe any of your creditors will appear at the hearing and object to your debt to them being discharged.