What happens step-by-step during the 341 Meeting of Creditors in a California bankruptcy case?

The 341 Meeting of Creditors is a mandatory hearing where the bankruptcy trustee and any interested creditors ask you questions under oath about your financial affairs. The meeting is administrative, not a formal court hearing, and a judge is not present. Here is what happens step-by-step: Step 1: Arrive and Prepare Your Documents Arrive at the designated meeting location, usually a room in a federal building, at least 15-20 minutes early. You must bring two specific documents: a government-issued photo ID (like a driver's license) and proof of your Social Security number (such as your Social Security card or a W-2). Step 2: Check In and Wait You will check in with the trustee's assistant. You will then wait in a meeting room with other debtors until your case is called. The meetings are typically scheduled in blocks, and you will wait your turn. Step 3: Present Identification and Take an Oath When your name is called, you (and your attorney, if you have one) will go to a table with the trustee. The trustee will first check your ID and Social Security proof. You will then be placed under oath, promising to tell the truth. The entire meeting is recorded. Step 4: Answer the Trustee's Questions The trustee will ask a series of standard questions to verify the information in your bankruptcy petition. Questions often include: Did you review and sign your petition? Are all your assets and debts listed? Have you transferred any property recently? The trustee will also ask about the property you claimed as exempt under California law, such as your home under the homestead exemption (CCP § 704.730) or assets under the "wildcard" system (CCP § 703.140(b)). Step 5: Conclude the Meeting If creditors are present, they will have a chance to ask questions after the trustee. In most consumer bankruptcies, creditors do not appear. Once the trustee has finished their questions and is satisfied with your answers, they will formally conclude the meeting for your case. The entire process for your specific case usually lasts only five to ten minutes. Important considerations: Your attendance is mandatory; failure to appear can result in the dismissal of your case. Always be honest, as you are testifying under oath. The trustee's primary role is to investigate your assets and ensure your creditors are treated fairly under the law. Note: While the process is straightforward, the questions can be stressful. An attorney can prepare you for the questions and handle any unexpected issues that may arise with the trustee. This is general information and does not constitute legal advice. For complex situations, consult with a qualified California attorney.