The initial appearance that the debtor must make before a Chapter 7 panel trustee is called the section 341 meeting of creditors.  In reality, very few creditors, if ever, appear.  It is simply an opportunity for creditors to appear, and ask questions of the debtor.  The way it works is this:  A trustee, who was assigned to the case, will examine the debtor under oath.  The trustee will review the schedule and petitions and exhibits that were filed by the debtor.  The trustee will ask specific questions regarding the schedules.  He  can include questions regarding income, assets, debts, and any other issue related to the income, expenses, property and liabilities of the debtor.  What the trustee is trying to determine, is whether or not the debtor has any assets that can be taken, sold, and paid towards his creditors.  In the overwhelming majority of cases, there are no assets for creditors.  In those cases, the trustee will file a no asset report stating that the debtor is subject to discharge of these debts.

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