Browse terms

The bankruptcy process

Meeting of creditors

The meeting required by section 341 of the Bankruptcy Code, where the trustee and others present question the debtor under oath about their finances. 1

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How it works

It is not a court hearing and no judge is present. A trustee runs it, and the debtor answers questions under oath about the bankruptcy paperwork, property, debts, income and expenses. Almost all of these meetings are now held by Zoom. 2

In Chapter 7 the meeting is held between 21 and 40 days after the petition is filed; in Chapter 13, between 21 and 50 days after filing. 3 4

Common questions

Is a judge at the meeting?

No. It is not a court hearing and no judge is present. 2

Sources

  1. Glossary
  2. U.S. Trustee Program: Section 341 Meeting of Creditors
  3. Chapter 7 - Bankruptcy Basics
  4. Chapter 13 - Bankruptcy Basics

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