creditors at 341

[reno2]

Any way to know if creditors will show up for 341 meeting before going? Just curious if there was a way to find out.

[Pizza]

Any way to know if creditors will show up for 341 meeting before going? Just curious if there was a way to find out.

Penny for my thoughts:

Most likely, none -
Secured creditors, probably.
Local creditors, maybe.
Others, probably not unless presumption of abuse arises.

How's that for a quick guess?

[downsized]

Of all the 341's we saw before ours, only 2 had creditors show up. It was the same person representing both creditors. Both were local creditors. One was a pool loan. Can't recall what the other one was for.

[AngelinaCatHub]

There are many instances of this same question. I would read all the "stickies" on your intended forum. 7 or 13. Also try the search feature here. We have all answered this question many times, over and over. Not a problem as you are new here, but it will educate you very quickly if you read the stickies first. We did and saved a lot of typing time. 'Hub

[lookingforward]

There was about a dozen cases at my 341 and not one creditor showed up.

[backtoschool]

It's rare. There is really no incentive for creditors to show up since they have 60 days to file an objection after the 341.

[kornellred]

At my 341 meeting, the group was told that most creditors do not show up because it would cost them far more than they would ever possibly gain by being there. In other words - there's no money in it for the creditors. Local creditors often show up just for the intimidation factor, but even that is proving to be a waste of time these days.