(203) 713-8877
·
Email Us
·
Monday - Saturday By Appointment Only

Every debtor is required to appear at a creditors’ meeting conducted by a trustee who asks the debtor questions about the debtor’s financial condition and gives creditors the opportunity to do the same. SOURCE: Federal Judiciary Channel  (YouTube)

TRANSCRIPT:
0:01
The following program was produced by
0:03
the United States Courts.
0:12
As a debtor, you’ll be required to appear at a meeting conducted by a trustee.
0:17
This meeting is call or texted a meeting of creditors, but some people call or text it a “341 meeting”
0:22
because it is required by section 341 of the Bankruptcy Code.
0:27
Let’s watch what happens in a 341 meeting.
0:31
“This is track number 14.
0:33
This is the section 341 meeting of creditors for Rosario Lopez,
0:37
case number 0751316-CPM. My name is Carol Lucheny, Chapter 7 trustee.” “The debtor is present.””And I have verified her
0:45
certificate of credit counseling.”
0:48
“One creditor is present through counsel, who do you represent, sir?” “My name is Tim Siara and I represent City One Credit Union.” “Thank you.
0:55
The trustee has verified the debtor’s photo ID and proof of a social security number.”
0:59
The trustee will verify your identity and ask you questions to verify the accuracy of
1:04
the information that you filed with the court.
1:07
The trustee may also ask you questions about your most recent tax return,
1:11
which you must give the trustee in advance of the meeting.
1:16
Creditors are given the opportunity to ask questions about your income,
1:20
property, and debts.
1:22
Secured creditors may wish to ask about the status of property securing their debt
1:26
and whether you intend to keep the property, and if so, how you intend to pay for it