What Documents Are Required by a Trustee After a 341 Hearing During Chapter 13?

By Mary Jane Freeman

Chapter 13 bankruptcy is popular among debtors who want to keep property such as the family home. Debtors filing under Chapter 13 enter into a repayment plan in which they pay creditors over a three-to-five year period. Before repayment begins, however, Chapter 13 debtors must participate in a 341 hearing, known as a meeting of the creditors, in which debtors provide certain documents and disclose important information to the bankruptcy trustee.

Typical Paperwork Required

A 341 hearing is a meeting the debtor is required to attend shortly after he files for bankruptcy. Creditors may also attend, but rarely do. During this meeting, the bankruptcy trustee interviews the debtor about his current financial status and reviews any documents she asked the debtor to bring. When the meeting is over, the debtor must provide a few additional documents to the trustee. This includes anything the trustee specifically requested, such as copies of current and previous year's filed tax returns, a certificate of completion for the required Personal Financial Management course and certification that all domestic support obligations are up to date or that no such obligations exist.

Get a free, confidential bankruptcy evaluation. Learn More
Reasons to File Chapter 13

References

Related articles

How Long After Filing for Bankruptcy Is the Next Step?

In both Chapter 7 and Chapter 13 bankruptcy cases, the first step after filing the petition and other documentation is the creditors' meeting. Whether the debtor is filing for debt elimination under Chapter 7 or a repayment plan under Chapter 13 affects how many days pass between filing and the creditors' meeting, at which debtors answer questions about their financial situations from their creditors and the court trustee.

What Happens After a Trustee Bankruptcy Meeting?

A trustee bankruptcy meeting is a normal part of a Chapter 7 or Chapter 13 bankruptcy process. Some debtors get nervous about attending the meeting, so preparation can help. After the meeting, creditors may have questions or objections, so proceed one step at a time until your bankruptcy is discharged.

What Happens at a Trustee Meeting?

When a debtor files for bankruptcy, he is on his way to a fresh financial start, but there are multiple steps to each bankruptcy case, including a mandatory meeting with a court-appointed bankruptcy trustee. This meeting, often called a creditor's meeting or 341 meeting, lets the debtor, trustee and creditors discuss the details of the bankruptcy case.

Related articles

341 Hearing & Bankruptcy

If you have filed a bankruptcy petition, you may be anxious about the procedure. The 341 hearing, an important step in ...

How Long Is an Automatic Stay After a Chapter 13 Dismissal?

Filing for Chapter 13 bankruptcy creates a repayment plan that allows you to catch up on debt by making monthly ...

What Constitutes Fraud in a Bankruptcy?

Bankruptcy proceedings allow businesses and individuals to reorganize or eliminate their debts. The United States ...

Does Every Creditor File a Proof of Claim for Chapter 13?

A Chapter 13 bankruptcy allows a burdened debtor to escape collection actions and lawsuits brought by creditors. A ...

Browse by category
Ready to Begin? GET STARTED