meeting of Creditors
- meeting of Creditors
See Section 341(a) Meeting (SA-Bankruptcy.com)
United Glossary of Bankruptcy Terms 2012.
- meeting of creditors
Also known as the section 341 meeting or first meeting of creditors. This is an opportunity for the trustee and the creditors to question the debtor about its pre- and post-petition activities, assets, debts, etc. An individual debtor appears in person; a corporation is represented by an executive officer; both must answer questions under oath.
US Bankruptcy 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
meeting of creditors — meet·ing of creditors: a hearing held pursuant to section 341 of the Bankruptcy Code at which a bankrupt debtor is required to submit to examination under oath by creditors who may also elect a trustee if one has not already been appointed… … Law dictionary
meeting of creditors — The debtor must appear at a meeting with the trustee to be examined under oath about assets and liabilities. Creditors are invited but seldom attend. The meeting is sometimes called the 341 meeting, after the section of the Bankruptcy Code that… … Glossary of Bankruptcy
meeting of creditors — See creditors meeting … Ballentine's law dictionary
meeting of creditors — See creditors voluntary liquidation; liquidator See also feature Bankruptcy Law on p. 51 … Big dictionary of business and management
first meeting of creditors — USA Section 341 meeting. Also known as meeting of creditors, creditors meeting, and first meeting of creditors. The first meeting of creditors required by Section 341 of the Bankruptcy Code at which an executive officer of the debtor is… … Law dictionary
first meeting of creditors — a mandatory meeting between creditors and the debtor. It is usually held within a month of the filing of bankruptcy but often occurs later when the debtor has filed its schedules of financial information (Glossary of Common Bankruptcy Terms) The… … Glossary of Bankruptcy
first meeting of creditors — In bankruptcy, the initial meeting called by the court for the examination of the bankrupt (i.e. debtor). Bankruptcy Code, No. 341 … Black's law dictionary
meeting — meet‧ing [ˈmiːtɪŋ] noun [countable] an event at which people meet to talk and decide things: • We had a meeting yesterday to discuss progress. • It was decided to hold a shareholders meeting later this month. • Two of the directors refused to… … Financial and business terms
creditors' meeting — USA Section 341 meeting. Also known as meeting of creditors, creditors meeting, and first meeting of creditors. The first meeting of creditors required by Section 341 of the Bankruptcy Code at which an executive officer of the debtor is… … Law dictionary
meeting — I (conference) noun assembly, caucus, colloquy, conclave, concursus, congressio, consistory, consultation, convention, conventus, convocation, discussion, encounter, exchange of views, forum, gathering, interchange of views, negotiation, open… … Law dictionary