At the meeting of creditors—also referred to as the 341 hearing—the person filing bankruptcy (debtor) meets with the bankruptcy trustee, who is appointed by the court to oversee the case. The trustee will ask the debtor to provide the debtor’s proof of identification and social security number card.

The trustee will ask the debtor questions (under oath) about the debtor’s bankruptcy petition, schedules, statements, tax returns, property, and financial accounts to confirm the accuracy of the documents and the debtor’s reported income. The trustee will try to determine whether the debtor has any unreported sources of income and will look for signs of bankruptcy fraud. Creditors may also attend and ask the debtor questions.

The meeting of creditors usually takes place at the federal courthouse or other federal building between 21 and 40 days after the debtor files the bankruptcy petition.

In Missouri, as in other states, the meeting of creditors, also known as the 341 hearing, is a mandatory part of the bankruptcy process. This meeting is typically scheduled between 21 and 40 days after the filing of the bankruptcy petition. During this meeting, the debtor is required to provide proof of identification and their social security number card. The bankruptcy trustee, appointed by the court, will conduct the meeting and question the debtor under oath. The trustee's role is to verify the accuracy of the debtor's bankruptcy petition, schedules, statements, tax returns, property, and financial accounts. Additionally, the trustee will investigate to ensure there are no unreported sources of income and to detect any signs of bankruptcy fraud. Creditors are allowed to attend the meeting and may also question the debtor regarding the debts and any matters relevant to the bankruptcy case. The meeting is usually held at a federal courthouse or other federal building. It's important for debtors to be prepared and honest during this meeting, as providing false information can lead to serious legal consequences, including the potential for charges of perjury or bankruptcy fraud.