Bankruptcy Basics: Three Important Dates after the 341 Meeting

Bankruptcy Basics: Three Important Dates after the 341 Meeting

Completing your 341 Meeting (meeting of creditors) doesn’t automatically mean that your bankruptcy case is complete. There are three important dates you should be aware of after your 341 meeting.

30 Days after 341 Meeting

Within 30 days of having you 341 meeting, you must perform your intentions as stated in the Statement of Intentions you filed with your bankruptcy petition. This means that you must surrender any property you said you weren’t keeping and reaffirm any debts you promised to repay after bankruptcy.

small-image-341-Hearing60 Days after 341 Meeting

Within 60 days of having your 341 meeting, your creditors must bring forth any objections they have regarding your bankruptcy.  Typical objections may include debts that were incurred fraudulently such as debts made with no intention of repaying them and debts incurred while doing something illegal such as embezzlement or in the act of committing some other crime. You and your attorney will have an opportunity to challenge any creditors who attempt to stop your bankruptcy discharge, but the process may prolong your case.

90 Days after 341 Meeting

Creditors who wish to get paid from any distributions made via your bankruptcy must file a proof of claim with the bankruptcy court within 90 days of having your 341 meeting.  You’ll want to review creditor proof of claims for accuracy. If you find errors or misrepresentations, work with your bankruptcy attorney to challenge them in bankruptcy court.

Timing is important in your bankruptcy case, so work with your attorney to make sure you meet all required deadlines.