What happens after a 341 meeting?

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Question:

What happens after a 341 meeting?

Answer:

In a Chapter 7 bankruptcy case, it's mostly a waiting game once your 341 meeting (also called the meeting of creditors) is over. Once you and the trustee handle a few more details, you will receive your discharge and can enjoy your financial fresh start.

Before you can receive your discharge, you'll have to complete a debtor education course, then file a form certifying that you've done so. If you have any nonexempt property, you'll have to make it available to the trustee. And, if you are reaffirming any secured debts, you'll need to start making payments on them. (Unless you are represented by a lawyer, you'll also have to attend a hearing, where the bankruptcy judge will decide whether to approve your reaffirmation agreement.)

This site does not provide legal advice and users of this site should not interpret any of the information presented here as legal advice. The information provided merely conveys general information related to commonly asked legal questions. We are not a law firm and the employees responding to questions are not acting as your legal attorney. You should ultimately consult with a lawyer for your case.

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