What is a 341 hearing?

The 341 hearing, also called the meeting of creditors is a short meeting between the bankruptcy trustee, the debtor, the debtor's attorney, and any creditors that want to attend. The meetings are usually short, and should not be stressful.

There are usually no creditors present at the meeting, so the only people present are the debtor and debtor's attorney and the trustee. The trustee will ask the debtor a few simple questions, like the debtor's address, and may ask questions about any unprotected assets of the debtor. The entire process can be completed in five minutes, and is not stressful or difficult. A good attorney will advise you on how to answer the questions, and you will be finished with the hearing and ready to receive your discharge. The discharge is a legal document stating that you no longer owe your debts. The court will mail it to you about two months after the 341 hearing.