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My 341 is Thursday, truck motor blew up

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    My 341 is Thursday, truck motor blew up

    We were looking at our reaffirm papers Friday and wondering if we could get away with a ride through. Was joking that if we could and something happened to the car, we could tell them to come get it. Well, we laughed at that and signed the papers. Luckily, I didn't bring the envelope to the mailbox right then, because not 30 minutes later the truck threw a rod. Now we need a new motor. The truck already needed new shocks and 3 new tires. We owe 4000.00 on it at 245 per month.

    This is what is bothering me, our 341 is Thursday. Our budget is in the negative enough to cover not having the truck note in it, but now I'm freaking out about it, was already having anxiety attacks about the 341.

    We have a small business, we are a broker so our business equipment pretty much consists of a few pcs and printers. But I'm freaking out about that, wondering if they will ask additional questions because of it. Also, our atty said that if someone came to court and offered to buy the business, likely the trustee would sell it. The atty said the chances are astronomical that someone would do that, but it is possible.

    I feel that we should get rid of the truck and have a real fresh start, which is what I'm sure we will end up doing. I guess the point I'm trying to get to is that I am so nervous about Thursday, and also wondering if anyone else out there had a small business that they kept open. Did the trustee ask you any questions that they didn't ask anyone else?

    #2
    I don't speak about this personally nor do I really know much but when I had my 341 the trustee basically didn't ask anybody any questions except for the one couple that owned a small business. The US trustee actually came in to ask them questions as well. They were being grilled on store inventory and cash flow of the business etc... apparently they were keeping theirs as well. The lawyer actually didn't seem very prepared for some of the questions that they were asked. So, not sure if that helps or not but thought I'd mention it.
    BK Ch 7 Discharged 09/2009 | Anything I say can and should be used as friendly advice and sharing of experiences with an unbiased viewpoint.
    Scores: EQ 745 EX 704 TU 710 as of 08/15/2012

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