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Am I required to attend any informational or training sessions?

Yes. Since 2005, bankruptcy petitioners are required by the Bankruptcy Code to attend a Credit Counseling course prior to filing and a Financial Management class within sixty days of their Section 341 Meeting of Creditors. The Section 341 Meeting of Creditors, or “341 hearing” for short, is a very brief (usually five to ten minutes) informational meeting that is scheduled for approximately thirty days from the date of filing. At this meeting that you attend with your attorney, the bankruptcy trustee will question the debtor about the bankruptcy petition that was filed to verify the accuracy of the information contained in it.

Barry Rosenzweig
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Barry Rosenzweig, has 25 years experience as an attorney helping clients solve their legal problems.