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Q: Who ask the questions at the 341 meeting?
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Continue Learning about Finance

What is a meeting agenda?

It's a list of questions do discuss on the meeting.


How do you ensure the meeting you hold is legal?

Ask.


How long after you file a chapter 7 are you supposed to turn over property or do you wait for the meeting of the creditors so the court can tell you?

In the case of a home, it will be sold at Sheriff sale on its own. (or the Trustee may sell it) In the case of any other property, the Trustee must abandon the property, then the Creditor will contact you (or your attorney if you have one) to arrange to get the item. If its a car, or some other type of personal property, you can sometimes accellerate the process by calling the creditor's attorney. (Or the creditor if they don't have one) Ask the Trustee at your 341 hearing (meeting of the creditors) what he/she thinks. They may abandon it right there.


6 questions reporters ask?

First, this is a challenge for any reporter-- knowing the right questions to ask. I cannot give you examples of six questions without knowing what news story you are asking about. But it's always wise to focus on the Five Ws and one H: who, what, where, when, why... and how. If you base your questions on trying to find out who did the thing, what it was they did, where they did it, when they did it, why they did it, and how they did it, you should have the basis of a good news story.


How long does chap 7 bankruptcy last?

A Chapter 7 bankruptcy case typically lasts between three and four months. Once the case is filed, there is a meeting of creditors (known as the 341 meeting) approximately 30-40 days after the case is filed. After the meeting, creditors have approximately 60 days to file objections or adversarial complaints to the debtor's discharge. Once that time frame has expired, the Clerk of the US Bankruptcy Court will send the Discharge Order to all creditors, to the debtor and to the debtor's attorney.

Related questions

What does bankruptcy status awaiting first meeting mean Ive already had the 341 meeting?

No, it means the 341 meeting has yet to be scheduled. You'll know when you have it as you have to be there.


Can you make changes after 341 meeting?

no


Bankruptcy 341 hearing?

341 is the section of the bankruptcy code that provides for a meeting of creditors. Though creditors is the name of the meeting, it is rare creditors show for the meeting. Really what this meeting is a meeting with the bankruptcy trustee assigned to your case. The trustee reviews your papers and would liquidate any property that is not exempt. Typically, most people don't have any non-exempt assets and the case is a no asset case. The trustee at the 341 meeting asks questions to see if the debtor has any assets he would be interested in, that the debtor is telling the truth and the papers are done correctly. The trustee, if satisfied, will file a report with the judge who then signs off on the debtor's bankruptcy discharge.


What is the initial bankruptcy hearing called?

341 MEETING OF CREDITORS


Does a non US resident have to attend a 341 bankruptcy meeting?

Yes.


What are good Questions to ask at company meeting?

In hindsight, what would you have done differently last year?


In Chapter 7 does a trustee have the ability to monitor your bank account activity after your 341 meeting while waiting for bankruptcy to be discharged?

Our attorney told us that our case (including bank records, etc.) would not be reviewed again after the 341 meeting.


How do you postpone meeting of the creditors?

If you will not appear at your 341 Meeting of Creditors then you should try to contact the trustee to inform them that you cannot appear. Most trustees will reschedule the 341 meeting of creditors if you cannot attend for a serious reason. If you have your attorney, then the attorney can appear on your behave at the hearing date and also request that the matter be continued.


What happens at 341 meeting?

A court appointed trustee will ask simple questions in regards the your bankruptcy. My meeting only lasted about 1 minute (they were in a rush). I showed my ID's then I was sworn in, asked if my signature on my petition was mine and if I read and understood the petition. If I was married, single etc. How old I was? If I was being sued or in a position to sue someone. Then that was it folks. One and done. Hope everyone else's goes as smooth and as fast as mine did.


Can you move overseas for a job after filing bankruptcy?

Yes, though you should wait until after the case is closed. You have to be present at the 341 meeting of creditors, though you may be able to appear telephonically if there was a good reason for taking the job and leaving before the 341 meeting.


How long after meeting with creditors do you know if you can declare bankruptcy?

That meeting, the 341 meeting...is normally sometime after you have filed BK. They don't decide if you can declare BK, obviously because they would always say NO.


What questions should I ask when meeting with a military recruiter?

More than asking you should discuse the your goals and the what opportunities do they offer to reach them.