Here’s what you need to know
Who must attend?
The Trustee, you, and one of our attorneys. The Trustee is the person who runs the hearing and asks you questions.
Who gets invited?
All the creditors listed in your bankruptcy schedules get a notice in the mail. Many times none of the creditors show up. Some may show up to get basic information from you. Ultimately, while creditors may ask questions at the hearing, they rarely show up and the ones that do show up usually keep quiet.
Where is the meeting held:
This depends on where your case was filed. You should receive a piece of paper stating the exact location. They are rarely held in a courtroom. Many districts have specific 341 hearing rooms.
What should you brings:
Photo Id, Social Security Card, your car insurance information (occasionally a creditor may want proof you have it), and a copy of your last filed tax returns (these may have already been provided to your Trustee). You may want to bring copies of any documents requested by our office for the trustee.
What will you be asked:
The Trustee will ask you basic questions such as your name and address. The Trustee will also ask you basic questions to verify that the schedules filed in your case are true and accurate. If you own property, the Trustee will ask you questions pertaining to the property, such as the value of the property.
An Oregon 341 hearing itself last about 5 to 10 minutes. You will probably be there a little longer. Multiple people’s 341 hearings are scheduled for the same time. There is usually 30 minutes to an hour allowed for all the 341 hearings to be held. You will probably not know beforehand where you are scheduled on the calendar. You should arrive 10 to 15 minutes before the scheduled hearing. If you are feeling uncomfortable about the hearings, I suggest you arrive a little early to watch a few. Your nervousness will dissipate.
Other things to keep in mind:
The hearings are tape recorded. This means you really need to speak loudly and clearly. The Trustee is the one asking the questions. If you have a questions, hold it for after the hearing and ask your attorney.