A meeting convened by the United States Trustee early in a bankruptcy case at which creditors and other parties in interest may question the debtor under oath. Sometimes referred to as “the first meeting of creditors.”
If a creditor attempts to actually accomplish something at a 341 meeting, a stern rebuke from the United States Trustee may follow. A creditor’s best choice for extracting detailed information under oath from the debtor’s representatives is usually a 2004 examination. But a surprise attack at a 341 meeting can be remarkably effective if the U.S Trustee will allow some leeway.
Bankruptcy Code §§ 341, 343.