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When you file for Chapter 7 bankruptcy in Toledo, a 341 Meeting is scheduled after your petition is filed with the court. This meeting is also known as “the meeting of creditors.” Most people have not heard of this meeting and do not know what to expect. The purpose of this article is to break down the process and explain what you should expect when you attending the 341 meeting.

What is the 341 Meeting of Creditors?

In the Toledo area, the meeting of creditors is located at Ohio Building420 Madison Avenue Suite 601 Toledo, OH 43604. This is a public meeting and other bankruptcy filers and attorneys will be present in the room. When it is your turn, you’ll sit at a table with the Chapter 7 Bankruptcy Trustee and your bankruptcy attorney to answer questions that generally lasts 10-15 minutes. This meeting is simply about verifying the facts. At this meeting you are under oath so you must answer all questions truthfully.

What should I bring?

Prior to your meeting, your Toledo bankruptcy attorney will inform you of what documents you need to bring. Generally, you only have to bring the following documents:

  • A photo ID; and
  • Proof of your Social Security number.

The meeting will not proceed without these important documents.

What should I wear?

This is a formal judicial proceeding. We recommend you at least wear something that would be considered business casual. Make sure not to wear anything too tight, short or low cut.  If you are wearing any jewelry you didn’t list in your paperwork let your attorney know before the meeting starts.

What questions will they ask?

Here are some of the questions that are often asked:

  • Is anyone suing you?
  • Can you sue anyone?
  • Are your wages being garnished?
  • Have you been in a car accident?
  • Have you given away or transferred any property in the past 3 years?

This is not an exhaustive list.

What Occurs After The Meeting

After the meeting, if the case is on track, then it’s usually about 60 days until the Court issues the Discharge Order.  Our clients receive a letter from our office explaining the discharge and helpful tips to move forward.