...at our 341 meeting (we filed pro se), he asked a million questions about a potential settlement we listed that is a settlement in a probate case that has been going on for 3 years. There is a miniscule chance that in about 1 year, my husband will receive a settlement of about $50K in this case -- if he does, the probate court will order him to return the money to a trust that it was improperly distributed from 3 years ago. This settlement is iffy at best, numerous appeals have been filed, and nothing will happen, if at all, for at least a year.
But the Ch.7 Trustee is chomping at the bit and has told the Clerk that he "expects to recover assets in this case" and has told our creditors to file a proof of claim. Is that just standard language if there is ANY chance of asset recovery in a Ch. 7? Or does he just not understand the timeframe we gave him or the slim chances of settlement?
Can a trustee keep our case open for a year or more waiting for this to happen, or does he have to discharge us if the settlement doesn't happen within the 180 day period? Help?
But the Ch.7 Trustee is chomping at the bit and has told the Clerk that he "expects to recover assets in this case" and has told our creditors to file a proof of claim. Is that just standard language if there is ANY chance of asset recovery in a Ch. 7? Or does he just not understand the timeframe we gave him or the slim chances of settlement?
Can a trustee keep our case open for a year or more waiting for this to happen, or does he have to discharge us if the settlement doesn't happen within the 180 day period? Help?
