 |
 |
Teamsters’ Representative to Attend September 2 Hearing August 17, 2005 A so-called Section 341 meeting, intended to provide an opportunity for creditors, a trustee and the U.S. trustee to ask questions of the debtor, is scheduled September 2 in the bankruptcy of Allied Holdings, Inc. and its subsidiaries. An attorney representing the Teamsters Union will attend the meeting on behalf of members employed at Allied. The Section 341 meeting of creditors, commonly referred to as “First Meeting of Creditors,” is presided over by the United States Trustee’s Office, not by a judge. The debtor must appear and answer, under oath, questions posed by creditors, a trustee or the U.S. Trustee’s Office. No creditor is required to attend the 341 meeting as a condition of participating in any future distribution of the estate.
|
 |
|
 |
