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At the meeting, the debtor (the person who filed for bankruptcy) answers questions under oath about the bankruptcy paperwork that they submitted. The debtor may also be asked about their property, debts, income, and expenses. Creditors may join the meeting and ask the debtor questions, too.
341 Meeting Questions the Bankruptcy Trustee Might Ask Along with the mandatory questions, trustees typically ask about your property and other assets, income, expenses, and debts.
What Questions Will I Be Asked at the 341 Meeting? What is your full legal name, current address, and phone number? Did you review your debtors petition and other bankruptcy papers carefully? Did you accurately list all your assets and their values on your bankruptcy papers?
Now, in most consumer cases, creditors dont attend the 341 meeting, even though its called the meeting of creditors. In probably 95, if not 98% of cases, no creditors actually attend. Its only going to be the trustee that will be asked some questions to verify your financial situation.
Failure to attend the Section 341 meeting without the prior agreement of the Chapter 13 Trustee or the Bankruptcy Administrator, as applicable, may result in the filing of a Motion to Dismiss the case by the Trustee or the Bankruptcy Administrator.
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