The following program was produced by the United States Courts. As a debtor, you’ll be required to appear at a
meeting conducted by a trustee. This meeting is called a meeting of creditors,
but some people call it a “341 meeting” because it is required by section
341 of the Bankruptcy Code. Let’s watch what happens in a 341 meeting. “This is track number 14. This is the section 341 meeting
of creditors for Rosario Lopez, case number 0751316-CPM.
My name is Carol Lucheny, Chapter 7 trustee.”
“The debtor is present.””And I have verified her certificate of credit counseling.” “One creditor is present through counsel, who do you represent, sir?”
“My name is Tim Siara and I represent City One Credit Union.” “Thank you. The trustee has verified the debtor’s photo ID
and proof of a social security number.” The trustee will verify your identity and
ask you questions to verify the accuracy of the information that you filed with the court. The trustee may also ask you questions
about your most recent tax return, which you must give the trustee in advance
of the meeting. Creditors are given the opportunity to ask
questions about your income, property, and debts. Secured creditors may wish to ask about the
status of property securing their debt and whether you intend to keep the property,
and if so, how you intend to pay for it.