The "341 Hearing"
The first meeting of creditors is commonly referred to as the "341
Hearing." This name is derived from the section of the Bankruptcy
Code from which it originates. The 341 Hearing is where many bankruptcy
filers have their first in-person court appearance. The 341 Hearing is
presided over by the bankruptcy trustee who is assigned to your case.
Whether in Chapter 7 or Chapter 13, the 341 Hearing typically occurs within
30-45 days of the filing of the case. If you reside in Hartford, Tolland,
Putnam or New London County, your 341 Hearing will be held at the federal
courthouse in downtown Hartford.
When you retain The Woods Law Firm, LLC, Attorney Woods will appear with
you at the 341 Hearing.
Before The 341 Hearing
Prior to the 341 Hearing, you will be required to produce certain documents
which are mandated by the Bankruptcy Code. These documents must typically
be provided to the bankruptcy trustee. They include:
- Your most recently filed state and federal tax returns
- Your most recent bank statements
- Your paystubs (or other proof of income) for the 60-day period preceding
the filing of the Petition
- An appraisal or comparative market analysis of real estate which you may own
- Market value information pertaining to your vehicles