Shortly after you file for bankruptcy, the court schedules a "341 meeting of creditors." For most filers it's the only court-related appearance the case will require. Here's what to expect.
When and Where
The meeting takes place about a month after your case is filed. The location depends on the filing county — St. Charles County cases typically meet in Wentzville, while St. Louis and Jefferson County cases meet downtown. Your filing notice will list the date, time, address, and the trustee assigned to your case.
Attendance is mandatory. Missing the meeting can result in your case being dismissed.
Who Is in the Room
For most consumer cases, just three people participate: you, your attorney, and the trustee. Creditors are allowed to attend but rarely do.
How the meeting actually goes
For most filers this is the only court-related appearance the whole case requires.
You show ID
A photo ID and your Social Security card. Bring both.
The trustee puts you under oath
Just you, your attorney, and the trustee in most consumer cases. Creditors are allowed to come but rarely do.
You answer questions about your schedules
Your income, debts, assets, and recent financial activity. Commonly the value of your home and car, and how you arrived at those numbers.
It's over
Most 341 meetings last only a few minutes.
Be Honest. Be Prepared.
Truthful answers are everything. Inconsistencies between what you say at the meeting and what's on your filed schedules can jeopardize your discharge. You're responsible for the accuracy of your schedules regardless of who prepared them, so review everything carefully with your attorney before filing.
Most 341 meetings last only a few minutes. If you've answered truthfully and your paperwork is in order, it's a quick step on the way to your discharge.