Interrupter CheckmarkInterrupter IconFacebookGoogle PlusInstagramGroupRamsey SolutionsTwitterYouTubeExpand MenuStoreCloseSearchExpand MenuBackStoreSign in

Getting out of Debt

What Is a 341 Meeting?

1 Minute Read

Sounds scary, doesn't it? You have been summoned to a 341 meeting with your creditors. Don't sweat it.

You may go into a courtroom with trustee(s) and your lawyer sitting at a table. Creditors will be there to ask the trustee(s) and lawyer questions in an open format. Some jurisdictions do not even meet in a courtroom or courthouse, and in Chapter 7 bankruptcy proceedings, this may only take a few minutes.

In 98% of the consumer bankruptcy cases, the creditors won't do a thing. You will just sit there. The trustee may ask a question or two, such as, "Will you reaffirm any debt?" You will have already discussed this with your lawyer. There will be no big surprises. It's really boring. Be zero concerned about it.

There is life after bankruptcy. 

Find a Financial Peace University class near you.

Jump-Start Your Journey

Start Now

The FASTEST Way to Get Out of Debt

Get Started

The FASTEST Way to Get Out of Debt

Let 2019 be the year you take control of your money.

Let 2019 be the year you take control of your money.

Get Started

Thank You!

Your guide is on its way to .

Next: Start Your Year Off Right!