We filed on Friday (20 Nov) an already received notification of our 341, which will be on 22 Dec. We had a few things that the attorney was not able to protect for us; 3 TV sets, a childs motorcycle and 2 fish tanks to name a few things. Do you think we will be able to keep them? The motorcycle is worth about 150 and the rest of the items are probably worth a few hundred or so.
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I'm sure if you pay $$ for them then you can keep them. I'm guessing probably $500 for everything. I couldn't see them drawing more than that, but I'm not a trustee. ;-)Originally posted by jtcohenour View Post
By the way, what state are you in? My attorney should have filed me on Friday, and I'm hoping my 341 is before Christmas. -
I am in AZ.Comment
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You will be able to either pay garage sale prices to the trustee for them, or the trustee will abandon the assets as not worth selling or taking and you will get to keep them anyway.
Typically trustees do not go after low priced assets (under a $1,000 or so).
You can't take a picture of this. It's already gone. ~~Nate, Six Feet UnderComment
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Thanks for the infoComment
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