The Trustee, you, and your attorney if you are represented by one. The Trustee is the person who conducts the hearing and asks you questions.
Who is invited:
All the creditors listed in your bankruptcy schedules. Many times none of the creditors show up. Some may show up to get basic information from you. Creditors may ask questions at the hearing.
Where is it held:
This depends on where your case was filed. You should receive a piece of paper stating the exact location. They are usually not held in a courtroom. Many districts have specific 341 hearing rooms.
What should you bring:
Photo Id, Social Security Card, car insurance (a creditor may want proof you have it), and a copy of your last filed tax returns (these may have already been provided to your Trustee). You may want to bring a copy of your last paystub and bankruptcy schedules for reference.
What will you be asked:
The Trustee will ask you basic questions such as your name and address. The Trustee will also ask you questions to verify that the schedules filed in your case are true and accurate. If you own property, the Trustee will ask you questions pertaining to the property, such as the value of the property. The Trustee wants to make sure you are not hiding assets.
The 341 hearing itself last about 5 to 10 minutes. You will probably be there a little longer. Multiple people's 341 hearings are scheduled for the same time. There is usually 30 minutes to an hour allowed for all the 341 hearings to be held. You will probably not know beforehand where you are scheduled on the calendar. You should arrive 10 to 15 minutes before the scheduled hearing. If you are feeling uncomfortable about the hearings, I suggest you arrive a little early to watch one.
Other things to keep in mind:
The hearings are tape recorded. This means you need to speak loudly and clearly. The Trustee is the one asking the questions. If you have a questions, hold it for after the hearing and ask your attorney.