Meeting of Creditors (341 Meetings)
11 U.S.C. § 341 of the Bankruptcy Code directs the United States Trustee to convene and preside at a meeting of creditors within a reasonable time after the bankruptcy filing. This meeting is formally called the "Meeting of Creditors" but often times referred to as the "341 Meeting." This is not a hearing; rather, it is a meeting with the Trustee, the Debtors, and Creditors conducted at a location determined by the United States Trustee. The Trustee may ask the Debtors questions regarding information contained in the required documents for the bankruptcy case. Debtors are required to attend. Creditors may also attend the meeting and ask questions but are not required to do so.