341 Meeting Basics

In Arizona bankruptcy of any kind – Chapter 7, Chapter 11, or Chapter 13 – a 341 Hearing is held. The 341 Meeting is also called a “Meeting of the Creditors,” and is named after the section of the bankruptcy code that mandates the meeting. The 341 hearing is an official record to document the facts of a bankruptcy case, and to permit creditors an opportunity to ask the debtor questions under oath.

The 341 meeting is scheduled with a bankruptcy trustee, not a judge, and your bankruptcy attorney will attend with you. Going to a courthouse can seem intimidating and it is natural to be nervous. But the 341 hearing is standard, simple and will not take much time.

The assigned bankruptcy trustee will send a letter requesting specific documents be mailed to the trustee in advance of the hearing or brought to the hearing with you. These may include:

  • Most recent pay stubs
  • Bank statements for several months
  • Tax documents for up to 2 years
  • Proof of insurance for your car and home

You are legally required to bring the following to your 341 meeting:

  • Photo ID issued by a government entity
  • Social Security card

The 341 hearing will be recorded and you will be asked to swear an oath that all of your answers are true. You will be seated at a table where the trustee will ask questions about your financial situation. It is important to answer all of the questions accurately and in a clear voice. Creditors rarely attend a 341 meeting, but if they are present, then they also have the right to ask you questions. An example of standard questions that might be asked:

  • Did you read and understand the petition before you signed it?
  • Did you list all of your assets and all of your debts?
  • Has anything changed since the paperwork was filed?
  • Are you involved in any other lawsuits?
  • How long have you lived in Arizona?

The 341 hearing is just another step in the bankruptcy process in Arizona, and you will probably spend less than 5-10 minutes on the recorded portion of the meeting. In most cases the 341 meeting is a formality; a necessary and important proceeding that deserves respect but not fear. You should appear clean and well groomed, dressed respectfully and well-covered as though attending church or a similar event.