I received a letter for a 341 meeting. What is this?
If you've received a letter in the mail notifying you of a 341 meeting, also known as a creditors' meeting, it's likely because you're considering filing for Chapter 7 bankruptcy. In a Chapter 7 bankruptcy, also known as a liquidation bankruptcy, your assets are sold off to repay your debts.
A 341 meeting is required by federal law and gives creditors an opportunity to object to the discharge of your debts or to the elimination of certain liens on your property.
At the meeting, you'll meet with your bankruptcy trustee and creditors. The trustee will ask you questions about your finances and asset ownership. Creditors may also ask questions or raise objections. You may bring an attorney with you, but it's not required.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at the 12738 Ramona Blvd Baldwin Park CA 91706