Every person who files bankruptcy will have at least one mandatory hearing, also known as the 341 Meeting of Creditors. It is a simple hearing usually attended only by the debtor, the debtor’s attorney, and the bankruptcy trustee. Creditors are also allowed to attend.
These hearings are informal compared to a court proceeding and may be very brief. Your trustee will ask you about your assets, your income, and any other questions they have about your bankruptcy.
Some cases, especially Chapter 13 cases, may require more hearings, but most of King & King’s clients only have to appear in court once at the 341 meeting.
It is very important to have an attorney representing you at these hearings so your rights are protected.