top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Discharged, but no word from the trustee re: assets

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Discharged, but no word from the trustee re: assets

    The great news is that I was discharged yesterday!

    The only thing left with my case is if/when the trustee will ask for me to surrender the $4-5k of assets (cash) that were non-exempt. My attorney advised us that he may never ask for the assets, but that we'll just need to wait and see.

    I could have protected the cash, but my attorney told me repeatedly "pigs get fat and hogs get slaughtered". I was pretty agressive in protecting some other assets.

    Does anyone know if the trustee has a deadline to request the assets? The only deadline I can find regarding assets and the trustee is the 30 days to object from the 341 meeting.

    #2
    No deadline. The Trustee can literally keep a case open for a couple of years... administering assets. I assume that you're an asset case, so... it can stay open.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

    Comment


      #3
      Thanks justbroke. I suppose potentially waiting a long time is a small price to pay for having $2m discharged. Currently our case is showing as "no asset" on pacer but this may not mean anything.

      Comment


        #4
        Originally posted by debtbegone View Post
        Thanks justbroke. I suppose potentially waiting a long time is a small price to pay for having $2m discharged. Currently our case is showing as "no asset" on pacer but this may not mean anything.
        Hmmm... did the Trustee file a "No Distribution" report yet? Or, that's what you're waiting for?
        Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
        Status: (Auto) Discharged and Closed! 5/10
        Visit My BKForum Blog: justbroke's Blog

        Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

        Comment


          #5
          That's what I'm waiting for - well, either that or some communication asking me to cough up the money.

          Comment


            #6
            Understood. They are slow these days. Maybe you'll get lucky and they'll just file a no distribution report. Good luck!
            Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
            Status: (Auto) Discharged and Closed! 5/10
            Visit My BKForum Blog: justbroke's Blog

            Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

            Comment

            bottom Ad Widget

            Collapse
            Working...
            X