UhOh - Good Luck on 341 Meeting

[LuciluS]

I read your post under GeorgiaMommy's 341 hearing where Trustee is requesting some records.

I'm Sening GOOD VIBES Your Way! So glad you have the paperwork all in order and pray you are able to satisfy Trustee.

Luci

[UhOh]

Thank you. I am so hoping it is a quick formality like almost all people are reporting. I was taken by surprise with the latest request though. But I knew I should be prepared anyway.

We'll see in about an hour. Time for me to head over there now.

I REALLY DO APPRECIATE IT

[UhOh]

was tough! 22 minutes for me.

[Cheeseater]

UhOh, sorry you had a rough time. Could you elaborate on some of the items they hammered you on? Was it income, expenses, prior CC charges or banking statements? Don't mean to pry just trying to get my paperwork together and am worried I'll be flagged for all of the above. Was this your 341 or a 2004. Thanks

[UhOh]

Sure. Seems like they really wanted to know about cars I sold and traded in. In one case I gave my daughter a car for her birthday but still charged her a fair amount. $9000 for a 2 year old Aveo. Sure I paid $14000 new and I bought it for her but on her birthday we transferred title. It was within one year of BK filing. They hate that transaction even though it really is fair they claim I sold her the car in bad faith which I did not. I am certain that any dealer would have offered her less money than that if she were to trade it. I could go now and buy that car for even less than that totday.

They wanted to know about a Mazda I traded in on a lease car and why would you go from an owned car to a leased one 11 months before filing. The odd part is that even had you asked me at Christmas time if I was BK, I would say no. Then reality hit and I filed in March.

They wanted to know about cash advance checks I made and what I did with the money. In every case it is on paper in the checking account. You see the deposit and then a bunch of credit card payments or sometimes general bills right in a row. After looking at a few of them, he was satisfied that I was using one card to pay another. The sure sign of insolvency.

He closely examined my divorce paperwork and asked about when the child support and spousal support end. He examined the split of property. It was kind of bad when he saw she took most household furnishings and I had to buy replacements. However the great part was that I got almost all of it from Craigslist and some from a second hand furniture store and a few things from Ikea. I had most of the receipts and ads that I kept in a folder.

Finally, a lot of the questions were based on the joint checking use by my now ex-wife. Specifically focused on her monthly payment for her horses. He was so concerned about the potential that I own horses and he could get access to them. So how can I say it clearer? I completely walked away from that hobby and have not so much as pulled boots on since October when the divorce was final. He asked why the joint account was used for paying her rent too. Then about why she paid a check to her dad. She does not work and she used joint checking to live. It stopped, along with cc payments right as the divorce orders were set in motion.

My lawyer says that they have ten days to file their motions. He says it could be stamped no assets, they could move for dismissal or they could ask for parts of the transactions to be paid back. So I am not in the 60 club til I hear how they will go.

[Cheeseater]

Sounds like your TT is a real tool. How far back were they looking at your bank statements? This guy probably hasn't been to an auto lot in years, so out of touch. Good luck on your 60 days.

[UhOh]

TT asked for three years worth but focused most questions on the previous one year with a couple questions about 15 months and 16 months prior to filing.

He was easy on almost all people but UST got in my case at the start and so TT was very specific. My attorney says it is a good sign that UST was not there.

I would say TT was very very good and it must be frustrating to do so much of this. There must have been a hundred cases that day. Talk about a tough job.

[albacore44]

TT asked for three years worth but focused most questions on the previous one year with a couple questions about 15 months and 16 months prior to filing.

He was easy on almost all people but UST got in my case at the start and so TT was very specific. My attorney says it is a good sign that UST was not there.

I would say TT was very very good and it must be frustrating to do so much of this. There must have been a hundred cases that day. Talk about a tough job.

wow...........that is a long 341, and in front of all those people. what state/court was this in ??

[UhOh]

You know what though, while being asked the questions I forgot there was anybody else around in that room. It was really just the few people up front as far as my mind thought.

MI - DETROIT. There are lots of us in this same sinking boat.

[albacore44]

You know what though, while being asked the questions I forgot there was anybody else around in that room. It was really just the few people up front as far as my mind thought.

MI - DETROIT. There are lots of us in this same sinking boat.

Detroit.........tough town right now. lived in Royal Oak/Troy for a couple years as a kid in 1966, on Rochester road/Big Beaver.Sorry things are going so badly in the motor city