What to Expect at a Bronx 341 Meeting

Filing Chapter 7 bankruptcy can provide some much-needed relief of the stress placed on you by financial burden from credit card debt, personal loans, or medical expenses. However, it is not something that should be taken lightly. If you are a Bronx resident who is considering filing Chapter 7 bankruptcy, it is essential to understand the various components of a bankruptcy filing to ensure that you are pursuing the best avenue toward financial independence. One essential step in the process is the 341 meeting.

What is a 341 meeting?

At the meeting of creditors – or a 341 meeting – the debtor, who has filed Chapter 7 bankruptcy, meets with the trustee who will be overseeing his or her case. The name of the 341 hearing refers to the 341 section of the bankruptcy code.

Approximately one month after an individual files Chapter 7 bankruptcy, a 341 hearing will be scheduled to ensure that all bankruptcy paperwork is properly filed, and that the individual filing is not attempting bankruptcy fraud. The individual who has filed bankruptcy and their appointed bankruptcy trustee must be present at the hearing, but the meeting is optional for creditors and their attorneys.

What to bring to a 341 meeting

In most bankruptcy cases, the individual will have already provided documents verifying their identity to their case’s trustee prior to the 341 meeting. Although a trustee may have already requested copies of financial records including bank statements, pay stubs, and tax returns, it is still a good idea to bring these to your hearing.

In addition to any relevant financial information you have already provided, should bring the following to your meeting:

  • An approved photo I.D. such as a driver’s license or passport
  • Your social security card, or other proof of social security number
  • Bankruptcy filing papers
  • Proof of income such as bank statements and pay stubs
  • Any documentation necessary for the means test

What to expect during a 341 hearing

341 hearings do not typically last long. After verifying the identity of the debtor, the trustee will ask the debtor why they are filing for bankruptcy, in addition to questions about their expenses, assets, debts, and marital status. Any creditors attending the meeting may also ask the debtor questions about their repayment intentions.

Consult an experienced bankruptcy attorney

Financial crises can affect even the most fiscally responsible people. If you are experiencing financial hardship, contact the Law Office of Thomas M. Denaro, Esq. With more than 34 years of experience, our bankruptcy lawyer will help find the right debt solution for you. Call our firm at (718) 863-6000 or contact us online today to schedule your free consultation.

Thomas M. Denaro
About the Author: Thomas Denaro
Thomas M. Denaro is an experienced bankruptcy attorney serving the Bronx and surrounding areas. He represents Bronx families in bankruptcy court, and has handled thousands of Chapter 7 and Chapter 13 cases from beginning to end.