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    341 MEETING Terminated what does this mean

    I just check pacer and i see my 341 meeting was Terminated what does this mean.

    Chapter 7 Trustee's Report of No Distribution
    Last edited by NOMOREBADCREDIT; 09-23-2007, 01:24 PM.
    Filed ch7 8/14/07
    341 meeting 9/18/07
    DISCHARGED 11/20/07

    #2
    no assets to distribute....341 meeting closed.....good
    case filed : 6 -5-2007 :blush2:
    DISCHARGED ...9-26-2007..:yahoo::yahoo:
    case closed : 11-13-2007 :yahoo::yahoo:

    Comment


      #3
      Its possible to not even need to have a 341 meeting if your situation is beyond help?

      Comment


        #4
        Originally posted by NOMOREBADCREDIT View Post
        I just check pacer and i see my 341 meeting was Terminated what does this mean.

        Chapter 7 Trustee's Report of No Distribution
        I don't know but it looks good! No Distribution! That's what I just got too! Congrats!
        Sarah H Owosso, MI
        WE DID IT!! PRO SE
        Filed 7/30/07 341 meeting 9/20/07 60 DAY CLUB 11/19/07!!! :yahoo::yahoo:
        DISCHARGED!!! 11-26-07:yahoo::yahoo::yahoo: CLOSED 12-06-07 :yahoo::yahoo:

        Comment


          #5
          Originally posted by NOMOREBADCREDIT View Post
          I just check pacer and i see my 341 meeting was Terminated what does this mean.

          Chapter 7 Trustee's Report of No Distribution
          What does no distribution mean though? Kinda new to the forum and to terms. That doesn't mean that no creditors filed does it?

          Comment


            #6
            It means the trustee wants to be discharged the trustee has found no asset to sale and you are just waiting for discharge
            Sometimes life make you deal with ugly and hateful people ,just think of them as sand paper. They may scratch you and rub you the wrong way but eventually you end up smooth and polished and the sand paper becomes old and worn out.

            Comment


              #7
              so did u go 2 the 341 meeting on 9/18???\ i thought u did
              Filed BK on 10/19...
              341 Meeting Scheduled 11/26 @ 10am
              Discharged 1/30/2008

              Comment


                #8
                Originally posted by familyof7 View Post
                It means the trustee wants to be discharged the trustee has found no asset to sale and you are just waiting for discharge
                Ok so what does discharge mean? I assume that is something that happens after the 341 meeting...apoligizing in advance for the ignorance...

                Comment


                  #9
                  Originally posted by arlington View Post
                  Ok so what does discharge mean? I assume that is something that happens after the 341 meeting...apoligizing in advance for the ignorance...
                  Discharged means the debts owed are wiped out. The debtor has no more obligation to pay the debts. The discharge is scheduled for 60 days after the 341 Hearing.
                  Bankruptcy History:
                  Chapter 7 filed - 10/12/2005 - Asset
                  Discharged - 02/16/2006
                  Case Closed - 11/08/2007

                  A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain

                  All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation.

                  Comment


                    #10
                    Originally posted by tiredofdebt1 View Post
                    so did u go 2 the 341 meeting on 9/18???\ i thought u did
                    yes i did and it went good.
                    Filed ch7 8/14/07
                    341 meeting 9/18/07
                    DISCHARGED 11/20/07

                    Comment


                      #11
                      Originally posted by inhocknow View Post
                      Its possible to not even need to have a 341 meeting if your situation is beyond help?
                      ????
                      Filed ch7 8/14/07
                      341 meeting 9/18/07
                      DISCHARGED 11/20/07

                      Comment


                        #12
                        This is soooooooo confusing. You said 341 Meeting terminated, but you still had one. It can't be both ways. You either had a 341 meeting or you didn't. Which was it?
                        Petition Filed 6/4/07 :clapping:
                        341 meeting 7/31/07 :clapping: :unsure:
                        First Meeting Held and Trustee's Report of No Distribution 8/2 :yahoo::yahoo:
                        10/15/2007 - DISCHARGED!:yahoo::yahoo::yahoo:

                        Comment


                          #13
                          yes.....you had us thinking that the meeting didn't even occur......that it was "terminated"....i guess im confused......
                          Filed BK on 10/19...
                          341 Meeting Scheduled 11/26 @ 10am
                          Discharged 1/30/2008

                          Comment


                            #14
                            If after the 341 meeting (that everyone is required to attend) THEN you see posted on pacer that the Trustee is terminating or states "no assets available" and he wishes to be relieved of his duties...........then basically your case is over.

                            You still have to wait out the 60 objection day period.......but no one will object normally because the Trustee has stated there are no assets to sell......

                            So this is a good thing -

                            So just sit tight and wait on those discharge papers..........

                            Your looking good.................
                            Minny

                            "It's amazing the paths that our feet sometimes follow in life".

                            My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

                            Comment


                              #15
                              Originally posted by tiredofdebt1 View Post
                              yes.....you had us thinking that the meeting didn't even occur......that it was "terminated"....i guess im confused......
                              IAM just going by what i see on pacer.
                              Filed ch7 8/14/07
                              341 meeting 9/18/07
                              DISCHARGED 11/20/07

                              Comment

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