Creditors Showing Up at My Hearing?
In both Oregon and Washington, clients are always at least a little bit nervous regarding the one hearing that they have to attend while their bankruptcy case is pending. That hearing, commonly known as the 341 hearing or meeting of the creditors, generally takes place a month after the case is filed. Often clients lose sleep as the hearing approaches for no good reason.
In both Oregon and Washington, creditors rarely appear at 341 creditors hearings at least that is the case here in Salem, Vancouver and Portland. Why? There is little that creditors can do at these hearings. In Portland, 341 hearing are scheduled at a rate of roughly ten per hour. This means that the trustee will rarely devote more than six minutes to any one case. Creditors who are familiar with the process rarely bother to appear: They know that there is not time to ask any significant questions, and creditors who are not familiar with the bankruptcy process will often find themselves cut off by the trustee after just a few questions.
