i saw several people posted a "report of no distribution" after their 341. what does it mean when it says that the assets abandoned total an amount much bigger than the assets exempt? does it mean you get to keep those assets even though they were not exempt? can such an asset ever be simply cash you had over the exemption that the trustee doesn't want to deal with?
also, isn't it true that if you have any non-exempt assets, then it is an asset case? how can it stay a no-asset case if there are non-exempt assets? this is very confusing.
also, isn't it true that if you have any non-exempt assets, then it is an asset case? how can it stay a no-asset case if there are non-exempt assets? this is very confusing.
