Is my 341 meeting the same as the meeting of creditors?

[Molly430]

I got a court paper that states that the meeting of creditors is on March 11th...is this considered my 341 meeting?

[StartingOver08]

Yes.

[justbroke]

The 341 Meeting is nicknamed as such because it's named after the section of the Bankruptcy Code which determines how it is done. That section of code is 11 USC 341.

This is also known as the Meeting of Creditors.

[SubPrimeME]

Hopefully there will be a lack of creditors there though! Good luck, takes all of 5 minutes, bring your SS card and your drivers license!

[Molly430]

Hopefully there will be a lack of creditors there though! Good luck, takes all of 5 minutes, bring your SS card and your drivers license!

thats what i am hoping for! thanks!!

[SuzieBK]

Do you hear everyone else's 341 meeting and they hear yours, or is it held in a closed room?

[justbroke]

Do you hear everyone else's 341 meeting and they hear yours, or is it held in a closed room?

Absolutely. And it's done loudly so that everyone can hear.

Bankruptcy is a public administrative proceeding. Anyone, even a reporter, can sit in the 341 and listen in.

[crdply44@yahoo.]

Mine was done in a small office next to waiting room with dioor open but no one could see inside from waiting area. Only my attorney ,and two others from court were in room. In and out in minutes.

[Proxy]

Now, do they say out loud, your total outstanding debt to be discharged?? What exactly does the judge say to you?? What kind of questions? Mine (not filing yet, just curious) are all unsecured credit card debts, foreclosed house (plus property tax not paid)

What about when it is all over and they publish it in the newspapers, what does it say??

[justbroke]

Now, do they say out loud, your total outstanding debt to be discharged?? What exactly does the judge say to you?? What kind of questions? Mine (not filing yet, just curious) are all unsecured credit card debts, foreclosed house (plus property tax not paid)

What about when it is all over and they publish it in the newspapers, what does it say??

I was being dramatic. In most, but not all 341 Meetings, it's done in a medium sized room. It's not a courtroom, as this is not a hearing. It is not done in front of a judge... it's run the by the Trustee's office.

If you are lucky to have the semi-private one... great, but most are done in a room full of people.

The don't yell out things, but they do call out, loudly, if any creditors are in the room. It is quite easy to hear what's happening at "the table" in front of the room, without them yelling.

Usually it's just a bunch of routine questions and nothing real probing.

Usually.