What to Expect in a NJ Bankruptcy 341 Meeting

If you have filed for Chapter 7 or Chapter 13 bankruptcy, you will be required to attend a 341 meeting. Named after the section of the bankruptcy code that defines it, this meeting is where you meet with the trustee appointed to your case by the NJ bankruptcy court. The trustee will be able to question you under oath about your finances, assets, liabilities, and other things related to your bankruptcy case. Here, we will break down what you can expect and how we can help you prepare for your 341 meeting.

You will be joined in your 341 meeting by your attorney, the trustee handing your case, a court-appointed representative, and any creditors who choose to attend the meeting. Most of the time meetings are scheduled in clusters, so you may have a short wait before you are called for your meeting with the trustee. You will be permitted to refer to relevant documents during the meeting if needed.

341 meetings typically only last 10-30 minutes. In that time, the trustee will ask you some standard questions about your bankruptcy petition. The trustee will ask to see a photo ID as well as your social security card. They will also have you confirm on the record that the signature on your bankruptcy petition is yours. Additional questions can include:

  • Verifying your familiarity with the details of your bankruptcy petition.
  • Verifying the accuracy and completeness of the information in the petition.
  • Correcting any errors in the petition.
  • Ensuring all assets and liabilities are included.
  • Any previous bankruptcy petitions.
  • Information verifying employment and confirming the accuracy of your tax returns.

If any creditors are present they may ask some questions, but their scope is limited. Once the trustee has asked all of their questions, you will be free to go. Sometimes, the meeting will be deemed “not closed” if the trustee wants additional documentation. If you submit the required documentation promptly you should be able to avoid having to go to another 341 meeting.

Your attorney will be able to guide you through this process to ensure you understand the questions and provide full answers. You will meet with your attorney before the 341 meeting so they can go over necessary information with you and prepare you for any questions they anticipate will being asked. After the meeting is over, your attorney will let you know next steps going forward.

Veitengruber Law is experienced in handling bankruptcy cases. From your free consultation to the day your debt is resolved, we will be there for you throughout the entire process. We will help you prepare for your 341 meeting and provide caring, effective legal support throughout your bankruptcy case.

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