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Are you determined "No Asset" right away?

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    Are you determined "No Asset" right away?

    When you look on PACER and it says "Asset: NO", does that mean you are determined a no asset case right away , or is the no asset determination received after the 341 Meeting?

    #2
    Typically you are considered no asset if your possesions are within state/federal exemptions. Our case changed just after the 341 when the trustee decided to dispute the value of our exemptions.

    That opens up a whole can of worms! don't worry though, most remain no asset.
    Filed 10/11/08 - 341 11/23/08 - Discharged 1/26/09
    2/19/09 Stipulation agreement reached w/trustee - Still awaiting Closed Status
    Check my blog at Steve's Bankruptcy Blog Watch day by day what happens with a PITA trustee! - Web Hosting by Broadband Hosting Web Hosting

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