What is a 341 hearing?

Our Professional Answer:

One of the processes in filing your bankruptcy after the petition is prepared and filed, is to attend a meeting with the trustee. A trustee is another lawyer. The meeting is called a 341 Meeting of Creditors. It used to be that creditors would show up at the meeting and ask you questions. Typically, in the modern era, you meet with the trustee, your attorney attends with you and they ask you some basic questions of where do you live, are you employed and is your petition correct? It is an informal meeting. You can dress casually. We will attend with you. That’s a 341 meeting.