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    Just had 341

    Hello,
    I have been a long time lurker. I finally decided to post about my experience so far.

    I filed at the end of October. I am going through a divorce and decided that Chapter 7 was a way to get a good start. I have home that's upside down by about 20 grand and well as Credit Card debt, etc.

    Since my income is more than double the state median, it took me a few tries before I found a lawyer who would even consider doing a chapter 7.

    To make a long story short, I more than passed the means test. One of the more interesting things my attorney did, was to include both of my vehicles in the B22 form. Even though I am single, I have a 2008 Nissan Altima and an old 2000 VW Jetta with 250,000 miles. Even without declaring two vehicles I was $100 negative, but the attorney wanted to include them anyway.

    A month has elapsed. Durring that month, my credit scores have actually gone UP. they were around 640 before I filed and are now in the 680s. I attribute this to paying all of my bills up to the filing date.

    Now for the 341... I had the meeting last Thursday. The trustee was VERY nice to me. I saw some people go before me and after me that didn't get treated as well. When I walked up, she motioned to the chair beside her (But on the other edge of the table.) I sat down close to her, but I noticed that most people sat far away, closer to their lawyers. When I sat close, she seemed to relax a bit. I made sure to look her into the eye, and I told the truth. She asked me questions about my house and whether I lived there. I told her that I was renting a room until my divorce was final because my wife was causing havoc at the house. She asked my if I still had any property to get in the divorce. I said that I only had a small DVD collection. She got a good laugh out of that.

    Overall, it was a positive experience that only took around 5 minutes. I walked out and felt like I needed one of those "easy" buttons from staples. She wished me good luck, and gave me a smile on my way out. She also handed my back ALL of the paperwork I had given the attorney (And that he had sent to her.) She declared the case as a "no asset."

    Best of all, my attorney said that she probably isn't even going to want any tax money I get back! Not that it matters since I will probably end up owing.
    Last edited by js1980; 12-06-2007, 04:31 PM.
    Filed Chapter 7 - 10/29/07
    341 Meeting - 60 Day Club - 11/29/07
    Discharged and Closed - 01/29/08

    #2
    So Chapter 7 ! Thats awesome !

    Best to you in the future, Catchmeifyoucan
    July 2006: Filed Ch13 :blink:
    Oct 2006: Converted to Ch7 :clapping:
    Jan 2007: DISCHARGED :clapping:
    Nov 2007: CLOSED :yahoo::yahoo::yahoo:

    Comment


      #3
      Lucky you - you drew an "easy" trustee. Because of your high income, the US Trustee in your district is probably going to take a close look at your case. Hopefully you'll get the same 'no asset' outcome (although two cars for one driver may be an issue) - my fingers are crossed for you!
      I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

      06/01/06 - Filed Ch 13
      06/28/06 - 341 Meeting
      07/18/06 - Confirmation Hearing - not confirmed, 3 objections
      10/05/06 - Hearing to resolve 2 trustee objections
      01/24/07 - Judge dismisses mortgage company objection
      09/27/07 - Confirmed at last!
      06/10/11 - Trustee confirms all payments made
      08/10/11 - DISCHARGED !

      10/02/11 - CASE CLOSED
      Countdown: 60 months paid, 0 months to go

      Comment


        #4
        Honestly, it sounds to me as if she was flirting with you. lol

        Comment


          #5
          Originally posted by lrprn View Post
          Lucky you - you drew an "easy" trustee. Because of your high income, the US Trustee in your district is probably going to take a close look at your case. Hopefully you'll get the same 'no asset' outcome (although two cars for one driver may be an issue) - my fingers are crossed for you!

          Actually, my attorney said it was likely that the case would be reviewed. Even without two vehicles I am $100 in the hole. I believe the Attorney included the two vehicles to make it look overwhelmingly negative.

          Of course, that's just the means test. My actual budget had me $600 in the hole. Since I went through a divorce I have spousal support, and my tax situation has changed DRASTICALLY. Since she was going to school and I was making good income I would pay around $3k a year in taxes. This year it's going to be around $10k! Then there's also the $6k bonus I received last year which won't be coming again until 2032 or so ;).

          Is there any sort of notification on Pacer if the case is being examined by the UST office?
          Filed Chapter 7 - 10/29/07
          341 Meeting - 60 Day Club - 11/29/07
          Discharged and Closed - 01/29/08

          Comment

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