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Simple English definitions for legal terms

341 notice

Read a random definition: Business Methods Patent Initiative

A quick definition of 341 notice:

A 341 notice is a letter that tells the person who owes money (the debtor), the people they owe money to (creditors), and anyone else who is interested, when and where they will have a meeting to talk about the money owed. The letter will have important information like the debtor's name and address, the case number, and the person who will be in charge of the meeting. It will also have deadlines for when things need to be done, like when creditors need to say how much money they are owed. The letter will also have the address of the office where the letter came from.

A more thorough explanation:

A 341 notice is a notification sent by the bankruptcy clerk to the debtor, creditors, and other interested parties. It informs them of the date, time, and location of the 341 meeting, also known as the creditors meeting. The notice includes important information such as:

For example, if John files for bankruptcy, the bankruptcy clerk will send a 341 notice to John, his creditors, and other interested parties. The notice will inform them of the date, time, and location of the creditors meeting, as well as other important details related to the bankruptcy proceeding.

The purpose of the 341 notice is to ensure that all parties involved in the bankruptcy proceeding are aware of the meeting and have the opportunity to attend and participate. It is an important part of the bankruptcy process and should be taken seriously by all parties involved.

341 meeting | 342 notice

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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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