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Free Report: Illinois 341 First Meeting of Creditors – What Do You Need to Know

Published on July 10th, 2015

When you file bankruptcy under Chapter 7, Chapter 13, or Chapter 11 of the United States Bankruptcy Code, you are required to attend a First Meeting of Creditors. The First Meeting of Creditors is scheduled by the court 20 to 40 days after the filing of your bankruptcy case. Each debtor must appear at the hearing to answer questions, under oath, about his or her finances, including questions about the debtor’s assets, debts, income, and expenses. Bankruptcy judges are not present during these hearings.

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