What You Need to Know About Creditors Meetings
The United States Bankruptcy Court District of Oregon recently published a video of a creditors meeting (video can be viewed in Quicktime).
The 341 Meeting Overview
Filing for bankruptcy means making at least one appearance for the case. Within a couples weeks of filing, you will receive a Notice of Commencement of Case from the Court. The notice sets the date and time for the meeting of creditors, normally around 30 days after the filing. The meeting of creditors is also known as the “341 meeting” after the bankruptcy code that made the meeting required.
Plan for 2-3 hours of the day in addition to travel time. Find out where the court house is and make sure you understand the directions to get there. You do not need to dress up.
In the courthouse, you will probably spend some time getting through security. The exceptions to this rule are Portland and Salem, Oregon where you can still walk straight to your meeting. Many federal buildings have metal detectors like airports, but they are more sensitive. The ite