Meeting of Creditors

• The meeting of creditors is one of the mandatory steps in a bankruptcy in Riverside, California. When you file a petition, the local bankruptcy clerk will schedule a meeting between you and your bankruptcy trustee within about a month. The formal name for the meeting is the "Section 341 meeting," since Section 341 of the bankruptcy code requires it. The meeting is also known as the "meeting of creditors," since creditors are notified of the meeting and are invited to participate. If you fail to attend the meeting, your bankruptcy case will be dismissed.
  
  

Location

• The location of your meeting will appear on the notice the clerk mails to you, but a 341 meeting in Riverside typically takes place at the Riverside bankruptcy court itself. The court is located at 3420 12th St. in Riverside, and the bankruptcy meeting rooms are on the first floor. The court provides parking at 12th and Lemon Streets.
  
  

Process

• When you arrive at your meeting in Riverside, the trustee will swear you in so that you must answer questions under oath. Most meetings are recorded, band they typically last 15 minutes or less. The trustee will verify your identity and ask you a few questions about your bankruptcy petition. Common questions include whether or not you listed all of your assets and debts, if your petition is accurate and complete, and if you want to make any changes to your petition.
  
  

Creditors

• In spite of the term "meeting of creditors," creditors do not have to attend and are often not present at a Section 341 meeting. Whether or not creditors attend, they can still file an objection to your case, so it is often not worth their time to appear unless they have specific questions about your filing.