The 341-Meeting

Liviakis Law Firm Team

Many individuals who visit a bankruptcy law firm in California fear attending court as a step towards filing Chapter 7. The 341 meeting of the creditors is usually the one and only court appearance individuals filing for Chapter 7 bankruptcy must attend. Additionally, the 341-meeting experience is typically a less stressful court appearance than a debtor anticipates.

How the 341 Meeting is Different from Regular Court

In civil court, a plaintiff files a complaint with the court system about a defendant, and thus, is an adversarial meeting in court by design. A 341 meeting of creditors isn’t always the same, however. While you are filing for protection from your creditors, they rarely, if ever, show up to this meeting. Many individuals worry unnecessarily about this meeting, but as long as you show up on time, answer the question politely, and are honest, the meeting will be a breeze and you’ll walk out in good shape.

The Actual 341 Meeting Experience

At the meeting of creditors, you’ll be sworn in under oath and then meet with the bankruptcy trustee. The bankruptcy trustee will ask you a series of questions, all pertaining to your bankruptcy filing. They are typically 15-30 minutes long and as aforementioned, you won’t meet directly with your creditors in most circumstances. Credit card companies and hospitals don’t have the time to attend a court hearing in most cases, and there is no reason for them too. Creditors are given 60 days to respond to the notice they will receive after the meeting.

Purpose of 341 Meeting of Creditors

The purpose of the 341 meeting of creditors is to answer questions about your Chapter 7 bankruptcy filing under oath, to ensure that all creditors, assets, debts, and income are properly stated in your bankruptcy papers and that you aren’t trying to hide money or assets. If you had your Sacramento bankruptcy attorney assist you with the bankruptcy paperwork, you should know all the questions you can expect from the bankruptcy trustee. Additionally, your Sacramento bankruptcy attorney will typically accompany you to the meeting, which should give you some relief in knowing you have counsel to represent you and your legal rights to debt relief.

Our Office

Former Office
1215 K St

Sacramento, CA 95814

Phone: 916 459 2364
New Office
2377 Gold Meadow Way
#100

Gold River, CA 95670

Phone: 916 459 2364

Client Reviews

Mr. Liviakis is extremely knowledgeable and answered all of the questions that we had about our situation. He made a really difficult time manageable with his help and expertise. I would definitely recommend...

Lindsey Joyner

Mik is a great attorney. Very friendly & professional. Price is was bit high compared to other firms. Probably the highest I've seen. If price your thing, checkout other firms. Other than that, Mik will get the...

Oi Vinn

Mik helped us save our home and settle with creditors during the pandemic after we were forced to close our family business for over a year. I am forever grateful. He was kind and professional and followed up...

Jina and Steven Hale

Mr. Liviakis was timely and professional. He patiently answered questions and explained the process. He provided handouts that clearly outlined due dates. The firm's paralegal was very easy to work with. I...

Wes Pohl

I nothing but great Experiences, and great service.

Tony Boone

Positive: Professionalism, Quality, Responsiveness, Value

Linda Todd

Contact Us

Fill out the contact form or call us at (916) 459-2364 to schedule your free consultation.
  • Language.png Free Consultation
  • Phone.png Phone Appointments Available
  • Gavel.png Talk to Award Winning Attorney Today

Leave Us a Message