Buying back from the Trustee

[sal425]

Hi-
I have stock options from work that are only worth about 1/4 what they were worth 6 months ago. If I file I'm sure the trustee will take them. It looks like the trustee allows you to buy back non-exempt items. How does this work? If I have the cash to buy something back, wouldn't the cash be non-exempt too?

I am thinking I could borrow against my 401k to raise the capital to do this. Would this be allowed? How would the timing work for something like this? Obviously, I don't want the withdrawal counted as income.

[music12]

depending on your state's exemptions, perhaps instead of listing your cash as exempt, list your stock options as exempt instead. but are you sure you want to do this? what if the options lose even more value?

or, maybe i don't know what kind of stock options you are talking about...