Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
Special Meeting Of Creditors In Middlesex
State:
Multi-State
County:
Middlesex
Control #:
US-0014-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The meeting of creditors (also called the 341 hearing) is a mandatory hearing almost all bankruptcy debtors must attend. At the 341 hearing, creditors have the right to ask questions about your bankruptcy papers and financial affairs under oath. But in most cases, creditors rarely attend 341 hearings.
At the meeting of creditors—also called the 341 hearing—the debtor meets with the trustee appointed to oversee the case. The trustee will check identification and ask a series of questions about the bankruptcy paperwork. Creditors can attend and ask about financial matters as well, although few appear.
Creditors might attend as well, although in many bankruptcy cases creditors do not show up. The trustee will swear you in and ask a series of questions under oath. If satisfied, the trustee will conclude the hearing. Otherwise, the trustee will continue it until another day.
LET US HELP YOU PREPARE FOR YOUR 341 MEETING State your name and address. Have you reviewed the Bankruptcy Information Sheet? (This information sheet was given to you at the time of filing. Have you moved since you filed your bankruptcy? Did you sign your bankruptcy schedules?
During this meeting, you must answer questions posed by the trustee to confirm your identity and financial disclosures. Now, in most consumer cases, creditors don't attend the 341 meeting, even though it's called the meeting of creditors. In probably 95, if not 98% of cases, no creditors actually attend.
This meeting of creditors is a critical part of the bankruptcy process, and it's normal to feel some concern. Many people experience 341 meeting anxiety, worrying about what will happen, if creditors will attend, and whether they'll say the wrong thing. But don't worry—it's not as overwhelming as it might seem.
However, you should also treat the trustee with respect and courtesy by being prepared for your hearing and truthful in your responses. In most cases, 341 Meeting horror stories happen because a person hired an inexperienced bankruptcy attorney, files bankruptcy without a lawyer, or hires a lousy attorney.
Preparing for the Meeting of Creditors: Before the meeting of creditors, you'll want to review your bankruptcy petition carefully. If you find that you've missed something or see an inaccurate entry, you should: file an amendment before the hearing, if possible, or.
Although you will usually be on the phone for 30-45 minutes your meeting of the creditors (341 Meeting) will usually last about five (5) minutes. A Chapter 7 or 13 Trustee will ask you basic questions many that are listed below. Creditors usually do not show up for this meeting.
