341 Meeting of Creditors

In every bankruptcy chapter, the person or authorized representative of a business must attend a 341 meeting of creditors that is required under 11 U.S.C. § 341(a). The 341 meeting is not a test. It is an opportunity for the case trustee to do their job and determine if there are any assets to distribute to creditors.

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Commercial Law, in a nutshell, encompasses the laws that govern financing and lending to businesses. Loans to businesses can be made by banks, private investors, friends and family, and can span the course of many years.

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