In a bankruptcy case, a notice sent to creditors when a bankruptcy petition is filed, naming the trustee (in chapter 7, 12, and 13 cases), setting the date and time of the 341 meeting — the first meeting of creditors, and setting deadlines, including for creditors to file objections to the debtor's discharge of debt in a chapter 7 bankruptcy case.
Definition from Nolo’s Plain-English Law Dictionary
A notice sent to the debtor and creditors in a bankruptcy case, which announces the date, time, and location of the first meeting of creditors. The 341 notice is sent along with the notice of bankruptcy filing and information about important deadlines by which creditors have to take certain actions to preserve their rights in the case.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:27 pm