Call Now
(916) 780-7005
Click Here
Free Case Analysis
MENU
  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

What Is A 341 Meeting?

If you’re going through bankruptcy, one of the key events you’ll encounter is the “341 meeting,” also known as the “meeting of creditors”. This meeting is an opportunity for the bankruptcy trustee, your creditors, and you to discuss your financial situation and determine the best course of action moving forward. In this blog post, we’ll explore the 341 meeting in more detail and what you can expect from the process.

What is a 341 Meeting?

A 341 meeting is a meeting of creditors that takes place during the bankruptcy process. The purpose of this meeting is to give the bankruptcy trustee, your creditors, and you a chance to review our financial situation and discuss the details of your case. The 341 meeting is named after Section 341 of the Bankruptcy Code, which requires that a meeting of creditors be held in all bankruptcy  cases. The meeting is typically held within 20 to 40 days after you file your bankruptcy petition, and it is usually the only time you will be required to appear in person during the bankruptcy  process.

What Happens at a 341 Meeting?

At the 341 meeting, the bankruptcy trustee will ask you a series of questions about your financial situation, including your income, expenses, assets, and debts. The trustee will also ask you to provide any additional information or documents that are needed to complete your bankruptcy case. In addition to the trustee, your creditors will also be allowed to attend the meeting and ask you questions about your finances. However, it is important to note that most creditors do not attend the meeting, and those who do are usually only interested in cases where they stand to lose a significant amount of money.

Overall, the 341 meeting is a relatively straightforward process that usually only lasts about 10 to 15 minutes. After the meeting is over, the trustee will review your case and make a recommendation to the court regarding the best course of action for your bankruptcy.

What Should You Bring to a 341 Meeting?

Before attending your 341 meeting, you should make sure to have your social security card and a valid form of government-issued identification, such as a driver’s license or passport. Without proper identification, you may not be allowed to attend the meeting. The 341 meeting is an essential part of the bankruptcy process that provides an opportunity for you, your creditors, and the  bankruptcy trustee to review your financial situation and determine the best course of action moving forward. While the meeting can be a bit intimidating, it is generally a straightforward process that only lasts a few minutes.

If you’re considering bankruptcy, it’s essential to understand the importance of the 341 meeting and to be prepared to answer any questions that may arise. By doing so, you can help ensure that your bankruptcy case proceeds as smoothly and quickly as possible. If any questions, reach out to your Yuba City bankruptcy attorney at 530-797-440

Categorized in: