MEETINGS OF CREDITORS AND EQUITY SECURITY HOLDERS.

SEC. 115. MEETINGS OF CREDITORS AND EQUITY SECURITY HOLDERS. Section 341 of title 11, United States Code, is amended by adding at the end the following: “(d) Prior to the conclusion of the meeting of creditors or equity security holders, the trustee shall orally examine the debtor to ensure that the debtor in a case under chapter 7 of this title is aware of— “(1) the potential consequences of seeking a discharge in bankruptcy, including the effects on credit history; “(2) the debtor’s ability to file a petition under a different chapter of this title; 108 STAT. 4119 “(3) the effect of receiving a discharge of debts under this title; and “(4) the effect of reaffirming a debt, including the debtor’s knowledge of the provisions of section 524(d) of this title.”.