341. Chapter 7. Confused.

[dfrohardt]

I had my 341 meeting today and there were all the usual questions asked. However, at the end if was found that from the time my case was filed to the present I had amassed around $2600 in my checking account. This was not true at the time of my meeting as I had paid my mortgage and the total amount as of today is around $750.

Anyway it was deemed that around 665.00 of that 2600 is non-exempt. Meaning that I will need to pay 5 payments of 132.50 for the next 5 months starting in March. In addition, the trustee will take my tax return this year.

So, with all that being said am I in the 60 day club or do I have to wait until the money is paid?

[free2breathe]

You are in the 60 day club, so congrats for that.

Was that $2600 part of your earned but unpaid wages at the time of filing? If it truly was money that was earned/accumulated after the filing date, the trustee shouldn't have been able to claim it.

But, besides that little point that struck me as odd, the only thing it will affect is the actual closing date of your bk. The discharge should still come on or after the 61st day post-341.

[dfrohardt]

Great, thanks. That put my mind at ease.

Have a good night.