' The Meeting of Creditors - Law Offices of Robert M. Geller
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

What Happens at the Meeting of Creditors?

The Meeting of Creditors, sometimes called the 341 Meeting, is the only in-person obligation you have in relation to your bankruptcy filing. If you are like more people, you are likely already nervous about facing your creditors at this meeting. The idea of walking into a room filled with people to whom you owe money can be very intimidating. Luckily, whatever nightmare scenario you have imagined in your head is unlikely to actually occur in reality.

The purpose of the meeting is for you to explain your reason for filing. If you are honest about your reason and share the information your bankruptcy attorney has told you is appropriate, the meeting is likely to be quick and painless.

Most Meetings of Creditors are attended only by you, your attorney, and your bankruptcy trustee. The bankruptcy judge overseeing your case is legally not permitted to attend the meeting. And in most cases, creditors do not even bother showing up. Should a creditor be in attendance, it is in an information-gathering capacity and he or she will not be permitted to harass you. The meeting takes place in a private conference or boardroom – not the crowded courtroom or town square you might have imagined!

What Happens at the Meeting of Creditors?

The meeting begins with your swearing in. Everything you say during the meeting is under oath, so it is essential you speak honestly and openly about the details of your case.

In addition to you stating your case, the bankruptcy trustee will ask questions and gather information. He or she wants to be sure your bankruptcy is filed in good faith. There might also be additional questions about your paperwork. If your attorney has assisted you in completing it, there will likely be few problems.

The Meeting of Creditors is Not an Opportunity to Belittle or Embarrass You

Trustees and any creditors in attendance are expected to behave professionally. You are not there to be judged or criticized. Should anyone behave out of turn, your attorney is there to protect you.

As long as everyone’s questions are answered during the meeting there will be no need for a follow-up. However, should one be requested, do not panic. Sometimes questions are missed or additional clarification is needed. Your attorney will advise you as to whether there is cause for concern.

If you are like most people who file for bankruptcy, you will be nervous prior to the meeting, but once it is concluded, you will wonder why you were ever worried. If you are concerned about your Meeting of Creditors or you have other questions about bankruptcy, contact the Law Offices of Robert M. Geller at 813.254.5696 to schedule your consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can Bankruptcy Stop Foreclosure?

Many people face the distressing prospect of foreclosure on their homes. If you find yourself in this situation, it's crucial...
Read More

How Much Does It Cost to File Bankruptcy in Florida?

Financial challenges can be overwhelming. For many individuals, bankruptcy becomes a viable option for a fresh start. Many clients are...
Read More

How to Get Out of Debt: Exploring Your Options

Debt is a pervasive issue that affects millions of people worldwide. It is hard to escape debt, especially if you...
Read More

How Will Bankruptcy Affect My Child Support Obligations?

Parenting can be tough, and it's even harder when you're facing financial difficulties. Struggling with debt and bankruptcy can cause...
Read More

Student Loans: Is Discharge in Bankruptcy Possible?

Student loans have become a necessary evil for most students to pursue higher education. The cost of education has increased...
Read More

Should I File Bankruptcy for Credit Card Debt?

Credit card debt can be a huge burden on our financial lives. The pressure to make payments, maintain balances, and...
Read More

Can Bankruptcy Stop Wage Garnishment?

Wage garnishment is a legal process in which a creditor can collect a debt by receiving a court order that...
Read More

Bankruptcy Guide: How It Works, Types, and Consequences

Dealing with money problems can be a stressful and overwhelming experience. Sometimes, debt can become unmanageable, and it may feel...
Read More

What to Say to Someone Going through Financial Problems

Financial problems can be one of the most stressful experiences a person can go through. If you know someone who...
Read More

How Do People Get Into Debt?

How do people get into debt? Are you struggling with debt? Do you feel like the weight of your financial...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions