20, · e 341 Meeting of Creditors is an opportunity for your creditors to question e dismissal of e debt you owe em. If ey believe eir debt should not be discharged in your bankruptcy for any reason, is is e time ey’ll raise eir concerns. e creditor doesn’t necessarily have to attend is meeting to file an objection to discharge, but it can happen. Texas 341 Meeting e most important ing to remember about your 341 meeting is at you are under oa, so answering e questions of e bankruptcy trustee and any o er creditors at show up (if ey show at all) honestly. 17, · After e 341 Meeting of Creditors. If e business has assets, e trustee will liquidate e property and distribute e funds according to timely-filed creditor proof of claim forms. e case won’t close until creditors get paid and e trustee files a final report wi e court. e process can take six mon s to several years, depending. About e §341 Meeting of Creditors. Shortly after your case was filed e Court mailed out a document called a Notice of Chapter 13 Bankruptcy Case, Meeting of Creditors, & Deadlines. is document sum izes information about your case and is mailed to all parties involved in e case. For more information on 341 Meeting Of Creditors, a free initial consultation is your next best step. Get e information and legal answers you’re seeking by calling 2 -930-7000 today. CALL US NOW (2) 930-7000. Get your Free copy of e best selling book Bankruptcy Made Simple To Understand. e 341 Meeting of e Creditors About a mon after filing ei er a Chapter 7 or Chapter 13 bankruptcy, e debt is required by e bankruptcy code to appear before e trustee. e debtor, e bankruptcy filing lawyer, and e trustee sit at a conference table and e debtor is required to take an oa and answer e trustee’s questions. 09, · Finding Out About e 341 Meeting of Creditors. You’ll learn about e meeting date a week or so after you file for bankruptcy. e court will mail you a notice at includes e date, time, and location of e meeting, as well as your bankruptcy case number and e name of e bankruptcy trustee. Preparing for e 341 Meeting of Creditors. Section 341 of e Bankruptcy Code allows your creditors to come to a meeting to ask you certain questions. is meeting of creditors occurs 30 to 35 days after you file. Typically, in is meeting, you do not see creditors show up. e only creditors at show up are ex-wives, ex-husbands and ex-business partners. 31. Meeting of creditors. 32. Adjournment of meeting. 33. Proven creditors vote prior to meeting. 34. Creditors accept or refuse proposal. 35. Proposal include terms of supervision. 36. Creditors appoint inspectors. 37. Effect of refusal of proposal by creditors. 38. Substitution of trustee by Court order. 39. Creditors en will ask you questions about your situation, if ey have any. If no complexities arise, e meeting end in or 15 minutes. Meeting of Creditors Under Chapter 13 e Section 341 meeting under Chapter 13 bears many similarities to e meeting under Chapter 7. 90 Days after 341 Meeting. Creditors who wish to get paid from any distributions made via your bankruptcy must file a proof of claim wi e bankruptcy court wi in 90 days of having your 341 meeting. You’ll want to review creditor proof of claims for accuracy. If you find errors or misrepresentations, work wi your bankruptcy attorney. L. 9–8, § 413, inserted at end Notwi standing any local court rule, provision of a State constitution, any o erwise applicable nonbankruptcy law, or any o er requirement at representation at e meeting of creditors under subsection (a) be by an attorney, a creditor holding a consumer debt or any representative of e creditor (which include an entity or an employee of an entity and be a . , · Every bankruptcy case includes a meeting wi e case trustee known by various names including e Meeting of Creditors, 341 Meeting, and First Meeting.In many bankruptcy cases, is is e only court-type appearance for individual seeking bankruptcy protection, and is often a point of anxiety for a prospective bankruptcy filer. Note at e meeting of creditors is a cattle call proceeding, meaning, you and to 20 o er creditors are scheduled at e same time and you must sit and wait to be called. II. Preparing for e Meeting of Creditors. e Meeting of Creditors should not be a stressful event. 03, · SECTION 341(a) MEETING OF CREDITORS. REQUIRED STATEMENTS/QUESTIONS.. 1. State your name for e record. Is e address on e petition your current address? 2. Please provide your picture ID and Social Security number card for review.. If e documents are in agreement wi e § 341(a) meeting notice, a suggested statement for e. Feb 15, · e answer to is depends on whe er you have filed Chapter 7 or Chapter 13 bankruptcy. (Chapter 11 individual debtors also are required to attend a Meeting of Creditors).At a minimum and for all Chapter 7 and Chapter 13 cases, e debtor must take e second financial management course and file e certificate wi e Bankruptcy Court. e purpose of e meeting, held 3-5 weeks after e case is filed, is to allow e Trustee and creditors to confirm e accuracy of your Bankruptcy petition and schedules and to ask some basic questions about your case. You will be sworn in and testifying under oa, just as you would in a Courtroom, and e meeting will be recorded. e meeting of e creditors is a meeting wi all of your creditors. You sit down under oa wi all of your creditors, your trustee and one of our attorneys go rough your debts in great detail depending on which creditors are present at is meeting. 01, · Creditors are allowed to show up to e 341 meeting and ask eir own questions. Most of e time, creditors never show up to e 341 meeting. Many debtors are anxious and nervous prior to eir 341 meeting, even after I have assured em at ey have no reason to be. 06, 20 · e meeting of creditors is also called e trustee’s meeting and e 341 meeting (after section 341 of e bankruptcy code which compels e meeting). is notice informs e creditor, among o er ings, at e debtor has filed a bankruptcy. of contact information for e debtor’s attorney and e trustee assigned to e case. and of. e meeting of creditors generally happens about 30 to 45 days after filing. A Chapter 7 would likely be e only time e person would ever have to go anywhere for e meeting of creditors. A Chapter 13 meeting of creditors would be 30 to 45 days after filing. ere would also be a confirmation hearing, which would be probably about ree. When you file Chapter 7 bankruptcy in atur, Georgia, you will definitely have to attend at least one hearing at is commonly known as e 341 Meeting of Creditors. e hearing is held in downtown Atlanta in e Richard B. Russell Federal Building on Spring Street at e corner of tin Lu er King. PREPARATION FOR E MEETING OF E CREDITORS. Al ough you will be in e meeting room for 30-45 minutes your meeting of e creditors (341 Meeting) will usually last about five (5) minutes. A Chapter 7 or 13 Trustee will ask you basic questions many at are listed below. Creditors usually do not show up for is meeting. In bo Chapter 7 and Chapter 13 bankruptcy, e debtor is required to attend a meeting of creditors, also called e 341 hearing. e meeting of creditors is not a court hearing. Instead, it is run by your bankruptcy trustee and usually held in a meeting room. Below you'll find articles explaining what to expect at your meeting of creditors, how to prepare, and how to deal wi various issues. is articles discusses what debtors can expect at e meeting of creditors. First, e court will set e date, time and location for e Section 341 Meeting of Creditors after e debtor’s bankruptcy case is filed. It will be scheduled to occur at least 21 days after filing but no later an 40 days after e filing of e bankruptcy case. 28, · In e United States, almost all of e people who file for bankruptcy must attend a 341 Meeting of Creditors. At e meeting, e trustee overseeing e bankruptcy will review e debtor’s petition and ask questions about e debtor’s assets and debts. Sometimes, debtors need to provide updated information after e meeting.Views: 3.9K. (a) Wi in a reasonable time after e order for relief in a case under is title, e United States trustee shall convene and preside at a meeting of creditors. (b) e United States trustee convene a meeting of any equity security holders. (c) e court not preside at, and not attend, any meeting under is section including any final meeting of creditors. e court will set e meeting of creditors between 21 and 40 days after your bankruptcy filing date. It will take place in a meeting room at a federal building or at an offsite location. O er bankruptcy filers will appear at e same meeting time, so you’ll want to check . At e 341 meeting (also called e creditors' meeting), e trustee ask about your bankruptcy forms, property, debts, and more. By Lisa Guerin, J.D. During your bankruptcy case, whe er you file under Chapter 7 or Chapter 13, you will have to attend a meeting wi your creditors and e bankruptcy trustee in charge of your case. 18, · A 341 meeting is related to bankruptcy filings, and is creditors' meeting at takes place when after individual files Chapter 7 bankruptcy. A 341 meeting, which takes place about a . Court No. 32‐2613323 Estate No. 32-2613323 IN E MATTER OF E BANKRUPTCY OF AIR GEORGIAN LIMITED MINUTES OF E FIRST MEETING OF CREDITORS e 19, By Teleconference ATTENDANCE Chairperson: Stephanie Lee, Official Receiver Office of e Superintendent of Bankruptcy Secretary: Anisah Aish, Official Receiver. , · Every bankruptcy case includes a meeting wi e case trustee known by various names including e Meeting of Creditors, 341 Meeting, and First Meeting. In many bankruptcy cases, is is e only court-type appearance for individual seeking bankruptcy protection, and is often a point of anxiety for a prospective bankruptcy filer. 22, · What’s e Meeting Of Creditors Under Section 341 Of e Bankruptcy Code? 22, by dsiegel David Siegel: Of course, e creditors have an opportunity to show up at is meeting, and witness it, ask a few questions, possibly tell e trustee about some ing at ey know about e debtor. No later an 45 days after e meeting of creditors, e bankruptcy judge must hold a confirmation hearing and ide whe er e plan is feasible and meets e standards for confirmation set for in e Bankruptcy Code. 11 U.S.C. §§ 1324, 1325. Creditors will receive 28 days' notice of e hearing and object to confirmation. Fed. R. Bankr. 341 meeting are also known as e first meeting of creditors. In 341 meeting a debtor is questioned under oa about his/her financial affairs. A creditor, a trustee, an examiner and e U.S. trustee will question e debtor in a 341 meeting. It is a fact finding meeting mainly intended to ensure at a debtor has fairly and honestly. 07, · What exactly is a 341 Meeting of Creditors? An 11 U.S.C. 341(a) Meeting of Creditors (aka 341 meeting), provides a forum for creditors and parties-in-interest to ask e debtor questions under oa about e debtor's financial affairs. e Bankruptcy 341 Meeting of Creditors. Once you have filed your bankruptcy case, you will have to attend a 341 Meeting of Creditors. You also hear it called a trustee meeting, or just 341 Meeting. is meeting is named after section 341 of e bankruptcy code. Amendments. 1986—Pub. L. 99–554 amended section generally. Prior to amendment, section read as follows: e debtor shall appear and submit to examination under oa at e meeting of creditors under section 341(a) of is title.Creditors, any indenture trustee, or any trustee or examiner in e case examine e debtor. . Feb 14, · Attorney Jim Weinandy introduces what to expect at a Creditor's Meeting. Weinandy Law is located in Bowling Green, Ohio and serves clients from . 2. court grants an automatic stay for creditor actions against e debtor's estate (stops legal actions) 3. court determines whe er order of relief is granted 4. creditors meet wi e debtor 5. payment plan created/approved by creditors and court 6. payment plan carried out rough actions of e trustee and debtor 7. remaining debts discharged. e Section 341 Meeting of Creditors is usually extremely short. For example, your case be assigned to start at e 9:00.m. Meeting of Creditors. ere be to 12 cases set for a 9:00 hearing. e next meeting will start promptly at :00.m. When it is time for your actual Meeting of Creditors, you can expect it to last anywhere. No.18 t026 Insolvency 52-Official Receiver to convene first meeting of creditors. 53- Circumstances in which Official Receiver ide not to convene first meeting of creditors. 54-Documents to be sent wi notice of meeting. 55-Power of creditors to requisition meeting. 56-Execution process not to begin or continue after bankruptcy order advertised. 57-Effect of bankrupt's dea after. 13, · Potential Meeting of e Creditor Questions. When you file a bankruptcy, whe er Chapter 7 or Chapter 13, you will have to go to some ing called a Meeting of e Creditors. At is hearing, e Trustee in your case will ask you a few questions under oa. Meeting of Creditors (341(a. Ch. 7/13 Relief From Stay Hearing. Motion Re Imposing/Extending Sec. 362 Stay. Ch. 13 Trustee's Motion to Dismiss (LBF 1366 only) Telephone Hearing Information. Order an Audio Recording of a Court Proceeding. Participating in a Video Proceeding. Transcript Ordering Information. Electronic Filing. NextGen CM/ECF. J. If e isions of e two meetings conflict, e ision of e creditors' meeting pre-vails,J6 but a member , wi in twenty-eight days, apply to e court, which order at e ision of e members' meeting shall have effect, or make any o er order at it sees lit. l7 If e proposal is approved, it binds every person who was.