Lenght of time a trustee will monitor your finances after a chapter 7 discharge

[rbb]

Does anyone know how long a trustee will monitor your finances after a chapter 7 discharge and cloture? Also, does any set period of time begin with the filing or the discharge?

[ready2live]

I didn't know they watched!! We have a old camaro that is worth about $1000 that we now have money to fix up and sell. We were hoping to do that in the spring. Maybe not.

[AngelinaCatHub]

I cannot speak for an individual Trustee. However, I have never heard of one who would or did. It would have to be something that red flagged FRAUD. These people are too busy to worry about your "new start". If you are using your new start as intended, you would have nothing to be concerned with anyway. Once discharged they are finished with you. 'Hub

[justbroke]

Does anyone know how long a trustee will monitor your finances after a chapter 7 discharge and cloture? Also, does any set period of time begin with the filing or the discharge?

They don't monitor you post discharge. Why would they? When you file a Chapter 7 bankruptcy, with very limited exceptions, only those things that occurred prior to the date of you filing, matters. It's a snapshot in time.

Now, whether you'd be prosecuted for fraud later down the line, would usually only be something like... someone reported you.

Did you read this somewhere, or something?

[HHM]

Easy answer, they don't.

[nick09]

my lawyer said I could win the lotto right after discharge and they couldn't touch me.

[AngelinaCatHub]

my lawyer said I could win the lotto right after discharge and they couldn't touch me.

But IRS can. LOL. The only thing I have read is the Trustee can reopen a bk for Fraud. He better be able to have the facts though. 'Hub

[aces67]

I agree the only thing a trustee would come back for is some sort of fraud at least that's what my lawyer said.

[OhioFiler]

Does anyone know how long a trustee will monitor your finances after a chapter 7 discharge and cloture? Also, does any set period of time begin with the filing or the discharge?

Why is the answer to this question important to you? What are you concerned about post-discharge?

[justbroke]

my lawyer said I could win the lotto right after discharge and they couldn't touch me.

You could win the Lotto right after filing, and they can't touch you. (In a technical sense, they could dismiss your case, but they can't get to your post-petition lottery luck.)

[leena]

It is pretty much over with the discharge. The only exceptions are the case being re-opened for fraud (rare,very rare) and large inheritances within 6 months of the 341 (about four months post discharge for most people. Also in some cases, tax returns.

Other than that, in most simple chapter 7 cases they are pretty well done with you by the time they get to the 341. My attorney even said he had known trustees to just tell people at that meeting that they will get their discharge, but the wise trustees do not say that because they need to take one good last look at even the simple cases.

Something I have been reminded of thus far in the BK process is, I am just not that important! No one really much cares about my BK. I just found out that my credit score right before filing was an amazing (to me!) 710. My old bad debts were falling off and the stuff I was paying was helping my situation look a lot better than it really was on my credit reports. I had a tinge of regret, but quickly realized that I did what I had to do and I am way better off.