Questionare From A Trustee

[nick09]

Today in the mail I recieved a questionare from the trustee who is going to be handling the 341 meetings.

It ask if I borrowed money from friends/family in the past 24 months..
I don't know how to answer it, cause I had financial difficulty with my many moves, 3 times in 4 years. And My dad "helped me out".

Also it asked if I transferred any property in the last year over $600...
No but it was more about $300 I sold my baseball cards, and bobbleheads to my cousin. Cause I was distraught looking at them cause they reminded me of my aunt who died at the age of 50. I miss her so much.

I don't want to think I'm decieving anyone but hell the creditors know what I have and don't have. So blah to them cause I only got $200 to my name, and not that much to give.

And I have a no asset case, but I'll be glad to give you things I don't want like t-shirts, and old jeans.

[justbroke]

Be honest.

They are just looking to see if you owed family money and then paid them back over paying back other unsecured creditors. So long as you didn't pay them back -- it was a gift -- or you paid them back as you were paying your unsecured creditors... it is not a concern.

Also for property transferred or sold, they are making sure you aren't hiding any significant asset. Believe it or not, there is Bankruptcy fraud. People will sell an asset for $1 to a close friend or relative so that it is out of the reach of creditors. It's fraud to do so, and they are just ensuring that you didn't sell your $10,000 Micky Mantle card for $1 to someone.

Other than that... it's all about honesty.

[nick09]

Nope I never did pay them back cause of job insecurities.

And No I got a fair value on the bobbleheads but it was close to $300. He wants to know over $600 so I should be good....

I don't know why I'm so nervous cause I know it will go smoothly

[frogger]

As long as the truth is on your side, everything will be ok. Good luck.