WHAT IS A 341 HEARING?

When you file for protection from creditors by filing a bankruptcy petition in Hawaii, you will be required to attend a meeting that your creditors are invited to, also called the 341 meeting, or meeting of creditors. The 341 meeting is not a court hearing. It is scheduled by the bankruptcy trustee and usually takes place in a meeting room. The thought of meeting with your creditors face-to-face can be intimidating when you’re facing Chapter 13 or Chapter 7 bankruptcy, and it’s important that you have knowledgeable and aggressive legal representation when you walk into the 341 meeting. With offices conveniently located in Honoka`a, Big Island bankruptcy attorney Barbara L. Franklin has filed over 300 successful bankruptcy cases since she opened her practice in Hawaii, and can bring her two decades of experience to your 341 hearing to act as your advocate and adviser.

CHAPTER 13 BANKRUPTCY 341 HEARINGS

If you file for Chapter 13 bankruptcy on The Big Island, your bankruptcy trustee will hold a meeting with your creditors called a 341(a) hearing or 341 meeting. The 341 hearing is an opportunity for the Chapter 13 bankruptcy trustee to discuss your Chapter 13 bankruptcy filing and inquire about your ability to make payments toward your debt by asking questions about your assets and finances. It’s important that you have help from an experienced Hawaii Chapter 13 bankruptcy lawyer during these proceedings to ensure that the right information is being reported and all parties involved are acting ethically and in accordance with Chapter 13 bankruptcy law. If you live in Hilo, Kailua Kona, Honokaa, Waimea, Keaau, Kalaoa, or anywhere else on the Island of Hawaii, Big Island Chapter 13 bankruptcy lawyer Barbara L. Franklin is ready to act as your advocate in the 341 hearing room and represent you through every step of your Chapter 13 bankruptcy filing.

CHAPTER 7 BANKRUPTCY 341 HEARINGS

When filing for Chapter 7 bankruptcy, the 341 meeting will help the trustee determine the non-exempt assets you have to liquidate in order to satisfy the requirements to successfully file for Chapter 7 bankruptcy, as well as establish your income and expenses to determine ability to repay your creditors. It’s very important to have knowledgeable bankruptcy lawyer representation during this stage to advise you which assets are exempt and how to ethically and accurately report your ability to repay your debts. You may be able to exempt assets you did not know you could save. Big Island Chapter 7 bankruptcy attorney Barbara L. Franklin in Honokaa can offer flexible appointment scheduling to meet your needs, and your first consultation is always thorough, comprehensive and cost-effective.

CALL TODAY TO SCHEDULE A NO-COST CASE EVALUATION

Whether you’re filing for Chapter 7 or Chapter 13 bankruptcy, you don’t have to walk into the 341 hearing alone. You can contact Barbara L. Franklin at 775-0530 or by visiting her Honokaa office at 45-3438 Mamane Street, Bldg 2, in Honokaa, HI.