I will be filing CH13 any day now, but I have a question. I have some items ($800-$1000 est value)that i plan on giving my son when he turns 18 in a couple of months. They will fall well within our exemption limits, but there will be a paper trail. Will this be an issue? Would I need trustee approval?
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Transfer of exempted assets while in CH13
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If they are things you have exempted, I don't see that there would be an issue, as the creditors/trustee can't take them from you, so why would they care if you gave them away? But that's just a guess on my part.Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!
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