The 341 was concluded. The trustee gave us a form in the 341 meeting to buy back our timeshare ($250 a month for 1 year). The attorney advised us to sign and we could change our mind after we thought about it. We decided that we did not need this anymore and it came with a $100 a month maint fee we did not want plus a bill of past fees for $700. We had our attorney write the trustee a letter telling her we did not want it because we were not ready to take on new debt. Here are some things I wonder.
We received a letter from the time share company telling us they were going to take it back due to non payment of maint fees prior to filing. So who really owns this? It is not like a normal piece of real estate. Can the trustee take it if the timeshare company has taken it back?
We were changed from a no asset case to an asset case. I think it is silly because we tried to sell this timeshare for $1500 about 10 years ago and could not give it away. So if the trustee sells it for $2K then the 10-20creditors get like 200 a piece. I wonder if they are going to line up like vultures since we were converted to asset.
Will this delay our discharge?
We received a letter from the time share company telling us they were going to take it back due to non payment of maint fees prior to filing. So who really owns this? It is not like a normal piece of real estate. Can the trustee take it if the timeshare company has taken it back?
We were changed from a no asset case to an asset case. I think it is silly because we tried to sell this timeshare for $1500 about 10 years ago and could not give it away. So if the trustee sells it for $2K then the 10-20creditors get like 200 a piece. I wonder if they are going to line up like vultures since we were converted to asset.
Will this delay our discharge?
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