After your bankruptcy case is filed, you will meet with creditors and a trustee about a month later. This meeting is also known as a 341 meeting.
At this meeting, trustees represent creditor interests and try to determine what assets they can claim. To do this, they ask questions about pending lawsuits or windfalls that may occur, like inheritances. This is also where it’s decided how much money you owe to the court.
An experienced attorney can guide you through a 341 meeting and protect your best interests.
At your 341 meeting, you’ll learn what you owe to the court and your creditors and what you need to do to exempt any equity in your car. This is also a chance for creditors to show up and ask questions, though it’s rare for them to do so.