Also known as the “Meeting of the Creditors,” the 341 meeting is a formal meeting that takes place approximately 1 month after filing your bankruptcy petition. It is usually brief, lasting around 15 minutes, and its purpose is to put a “face” to the bankruptcy forms that were filed.
During the 341 meeting, a trustee, who is the administrative supervisor of your case, will ask you questions about your bankruptcy paperwork. In general, the trustee will have you confirm your identity and your home or business address. He or she will ask you about your employment, your assets, and any other financial information that may be relevant. Essentially, the 341 meeting is a way for the trustee to confirm whether or not the information you submitted in your bankruptcy petition is accurate.
If you have hired a bankruptcy attorney, your attorney will accompany you to the 341 meeting. Your attorney will also help prep you for the questions that the trustee will ask.