Glossary term
341 Meeting: Your Creditors Meeting
Short answer
A 341 meeting is a short, required meeting in every bankruptcy case. The trustee asks you questions under oath about your debts and property. It's named after section 341 of the Bankruptcy Code, and people also call it the "meeting of creditors."
Why it matters
Despite the intimidating name, it's usually a short, administrative session — often under ten minutes. It happens in a meeting room or by video, not a courtroom, and there's no judge.
Creditors are invited and can ask questions, but in consumer cases they rarely show up. A few things actually matter here.
Bring government-issued photo ID and proof of your Social Security number. Without them, the meeting is typically rescheduled. Bring any documents the trustee asked for too.
Answer truthfully. The testimony is under penalty of perjury, and an honest correction beats a confident guess. The trustee is checking the paperwork, not prosecuting the filer.
Example
About a month after filing Chapter 7, Priya attends her 341 meeting by video. She holds up her driver's license and Social Security card. She confirms she read and signed her petition.
Then she answers standard questions: Has she listed all her assets? Has she filed her tax returns? Has she transferred any property recently? Eight minutes later, it's over, and her case moves on toward discharge.
Terms used on this page
Guides that use this term
- The 341 Meeting of CreditorsWhat the 341 meeting really is — a short administrative meeting with the trustee, not a trial. Typical questions, what to bring, and how to prepare calmly.
- Chapter 7 Bankruptcy, ExplainedHow Chapter 7 bankruptcy generally works: eligibility and the means test, credit counseling through discharge, exemptions, costs, and credit impact.
- Chapter 13 Bankruptcy, ExplainedHow Chapter 13 bankruptcy generally works: the 3-5 year repayment plan, who typically uses it, foreclosure protection, costs, and completion realities.
Sources
This page is based on the following official and authoritative sources. Always check the source itself for the most current rules.
Educational information — not advice
This topic involves court deadlines and rights you can permanently lose.
This page provides general educational information about credit, debt, and consumer protections. It is not legal advice, financial advice, or credit repair services, and reading it does not create any professional relationship. Laws, procedures, deadlines, and dollar amounts vary by state and change over time.
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