Bankruptcy Terms Explained in Plain English
341 Meeting of Creditors
Plain-English Definition
A meeting where the debtor answers questions under oath about finances and the bankruptcy case.
Why it matters
The trustee conducts the meeting, and creditors may ask questions. It is different from a trial before a bankruptcy judge. Your attorney helps you prepare and explains the attendance and document requirements for your case.
A simple example
A client prepares with an attorney for questions about the information disclosed in the bankruptcy papers.
Illustrative only; not a prediction of any case outcome.
See how this applies to you
Source reference: U.S. Courts Bankruptcy Basics Glossary. This page provides a plain-English explanation, not a quotation of the glossary.
Need advice about your actual situation?
A definition cannot replace a review of your finances, property, debts, and goals. Stewart Law serves bankruptcy clients throughout Florida.
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