Questions asked by the Chapter 7 Trustee at the 341 Meeting of Creditors

Questions asked by the Chapter 7 Trustee at the 341 Meeting of Creditors It’s important to know the answers to the Chapter 7 Trustee’s questions ahead of time so that you are fully prepared for your 341 Meeting of Creditors.  I spend time with each client ensuring that they know and understand both the question and answer to ensure that they spend the least time possible at their 341 meeting as most of clients don’t want to be their in the first place. Here are the questions that the Chapter 7 Trustee will ask at your 341 Meeting of Creditors: 

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THE MEETING OF CREDITORS AKA THE §341 MEETING OF CREDITORS

Important Information for Clients Regarding the Meeting of Creditors:After your bankruptcy petition is filed, the Bankruptcy Court will schedule a 341 hearing, also called a “meeting of creditors.” It will probably be scheduled within one month of filing. In Philadelphia, these hearings are held at: 833 Chestnut Street, Suite 501 West, 5th Floor, Philadelphia, Pennsylvania. You and your attorney must attend this meeting with the United States Bankruptcy Court Trustee. At the 341 hearing, the United States Bankruptcy Trustee will review your bankruptcy petition and will ask you questions. The Trustee will ask you to verify in person the written 

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