meeting of creditors

meet·​ing of creditors

Legal Definition of meeting of creditors

: a hearing held pursuant to section 341 of the Bankruptcy Code at which the debtor is examined under oath by the trustee in bankruptcy regarding the bankruptcy estate

Note: Creditors may but are not required to attend.

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Cite this Entry

“Meeting of creditors.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/meeting%20of%20creditors. Accessed 28 Nov. 2020.

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