In every bankruptcy proceeding, the debtor must attend a hearing called the “Meeting of Creditors” and submit to an examination under oath. The hearing is sometimes also called the “341 Hearing” because it is required by Section 341 of the Bankruptcy Code.
In most bankruptcy cases, the Meeting of Creditors hearing is the only formal proceeding that you must attend. The Meeting of Creditors acts as an information-gathering session. It is an opportunity for the bankruptcy case trustee and creditors to meet with you, face to face, and ask you questions about your financial affairs, your assets and your debts, and any other matter that might affect your bankruptcy proceeding.
For more detailed information about the Meeting of Creditors, please read the page about the Bankruptcy Hearing.