What to Expect at a 341 Meeting of Credtors


341 Meeting - What to Expect

A Connecticut Bankruptcy Lawyer that  Understands 341 Meetings

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When you file for chapter 7 bankruptcy protection, a chapter 7 trustee will administer your case. Her main  tasks will be to sell your nonexempt property to repay your general unsecured creditors, look for fraud, ensures that your paperwork is accurate, and conducts an investigation into your finances and property during a meeting of creditors, also known as a 341 meeting. When you file for chapter 7 bankruptcy, you are required to attend this meeting.

341 Meeting Basics

The 341 meeting will be set for at least 21 but no more than 40 days from the date the bankruptcy petition is filed. It is generally held in a meeting room in a Federal Building in Hartford or New Haven depending on where you live.  A Connecticut bankruptcy creditor's meeting is not typically held a courtroom. No judge will preside over the meeting; instead the bankruptcy trustee will conduct it.  A "trustee" is a lawyer experienced in bankruptcy law that is appointed to oversee your case.

The trustee's investigation begins as soon as you file for bankruptcy, and he will review your paperwork, including your debts, income, expenses, your Statement of Financial Affairs, previous federal income tax returns, and pay stubs before the meeting. You should plan to bring:

  • Photo identification
  • Proof of your Social Security number such as a Social Security card, W2 or 1099.

If you forget these items or do not have them, the trustee will not conduct the 341 meeting and it will have to be rescheduled. Prior to your 341 meeting the Trustee will ask your Hartford bankrupt lawyer to provide:

  • Copies of mortgage documents
  • Car titles
  • Deeds to property
  • Bank statements
  • Tax returns
  • Pay stubs

We will work closely with you to help you get these items and get them to your Trustee in a timely manner.

What Will Happen?

When your case is called, you will sit with your attorney and answer the trustee's questions regarding why you are filing for bankruptcy, your nonexempt property, any payments you may have made to creditors before the bankruptcy as well as the information provided in your paperwork. When the trustee is through questioning you, if no creditors are present, the meeting will be concluded.

If you are filing for bankruptcy in Connecticut and are apprehensive about your 341 meeting, Attorney Jim Aspell and paralegal Reba Weston  have the experience to help you through the process. To schedule your free initial consultation  with an experienced Hartford bankruptcy attorney , contact our firm online or call us at 860-523-8783 today.

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