THE FOLLOWING INFORMATION APPLIES TO THE NORTHERN AND EASTERN DISTRICTS OF TEXAS ONLY:
SPECIFICALLY THE DALLAS AND SHERMAN (PLANO) DIVISIONS.
Approximately 30 to 45 days after filing the bankruptcy petition, there will be a first meeting of creditors. This is known as the “341 Meeting” because it is required by Section 341 of the Bankruptcy Code.
All of creditors listed in your bankruptcy schedules will be notified of the hearing and any creditor may attend and ask questions concerning your financial affairs. In many consumer cases, it is common for no creditors to appear. The meeting will be presided over by your trustee. You must bring a government issued picture I.D. (driver’s license, passport, etc.) and your social security card. Usually the trustee will ask your attorney to question you about your financial affairs. Any creditor present also may ask questions.
The Trustee’s office generally schedules about 15 minutes per case and, usually, this is sufficient time to complete the meeting. You must attend this meeting. Since there are various dates that use this meeting as a “start time,” it may be difficult to reset the meeting. Also, your attorney, generally, has no input or control as to the date of the 341 Meeting — it is set by the Bankruptcy Clerk’s computer at the time your case is filed.
Call Lusky & Associates, P.C. for a FREE CONSULTATION (972) 386-3900.