How to Prepare for the Meeting of Creditors
How to Prepare for the Meeting of Creditors
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The 341 Meeting of Creditors Explained
The 341 meeting doesn't have to be scary. After learning how the creditors' meeting works, you'll see that it's quick, easy, and, most importantly, predictable. You'll want to know what will happen at the creditors’ meeting, how to prepare for 341 meetings, the questions the trustee and creditors will ask, and how long it will take to get your bankruptcy discharge after the bankruptcy trustee concludes the 341 meeting.
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Documents Needed For The Meeting of Creditors
Whether you file for Chapter 7 or Chapter 13 bankruptcy, you must attend a mandatory hearing called the meeting of creditors (also called the 341 hearing).
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Questions to Expect at the 341 Meeting in Your Bankruptcy Case
During your bankruptcy case, whether you file under Chapter 7 or Chapter 13, you will have to attend a meeting with your creditors and the bankruptcy trustee in charge of your case. Find out what questions the bankruptcy trustee must ask you, and the topics the trustee and creditors might ask about during the 341 meeting of creditors.
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The New Bankruptcy: Will It Work for You?
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How to File for Chapter 7 Bankruptcy
The reliable, up-to-date information in this best-selling book will help you successfully complete your bankruptcy claim without breaking the bank.
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Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time
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Questions About the Meeting of Creditors
Questions About the Meeting of Creditors
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What Happens After the 341 Meeting?
Most Chapter 7 filers receive a discharge about sixty days after the 341 meeting of creditors. Cases usually close a few days later, although some remain open longer. A Chapter 7 case might remain open for six months—even a year or more. The length will depend on the objection or litigation type. Learn more about how long you’ll wait after the 341 meeting before the court closes your Chapter 7 bankruptcy case.
