Ad Systems Communications Inc (fka ADSYQ)

[Richinminutes]

FYI.

The 341 meeting is not a test or an inquisition. Neither the trustee nor the creditors can take any action at the meeting that decides any question central to the case. It is a fact finding meeting.

Of course, if new or troubling facts come out at the meeting, the trustee or a creditor can file a motion or an adversary proceeding in the bankruptcy court for the judge's consideration.

Most 341 meetings are short, sweet, and uneventful. The debtor does not have to justify filing bankruptcy. No rights are won or lost at the 341 meeting. Creditors do not have to attend the 341 meeting to file a claim or object to discharge.