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341 meeting experience and No Asset!

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    341 meeting experience and No Asset!

    I finished the 341 meeting and found the following info from the PACER yesterday.

    =====================================
    Chapter 7 Trustee's Report of No Distribution.

    .......................

    Assets Abandoned (without deducting any secured claims): $xxx,
    Assets Exempt: Not Available,
    Claims Scheduled: $xxx,
    Claims Asserted: Not Applicable,
    Claims scheduled to be discharged without payment: $xxx
    =====================================

    I got couple of general questions, as like, all information in the schedules is correct? All assets and creditors were listed in the file? etc.

    Then Trustee asked about my rental property.
    (1) The mortgage is current? --> No
    (2) What is the rental income? --> No income because I have not collected it since I stopped the mortgage payments.
    And I answered that I will surrender it.

    That's it! I was very nervous for the first time but it was a very simple and straight forward.

    Now only thing I need to do before discharge is to reaffirm my two cars.
    Banks already mailed the forms to the attroney office. Everything is very smooth!

    Have I joined the 60-day club?

    Happy New Year Everyone!

    #2
    Woo hoo!! Congratulations on being done with the 341!
    Filed Ch.7 on 03/17
    Statement of Presumed abuse filed 707(b) 05/03
    Statement of Non-Abuse filed!!
    Discharged 06/23/10

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      #3
      Looks like there were a few of us who had our 341's today without any hitches Congrats!

      Comment


        #4
        Congrats
        May 31st, 2007: Petition Filed by my lawyer
        July 2nd, 2007: 341 Meeting Held
        September 4th, 2007: Discharged and Closed.

        Comment


          #5
          Congrats!
          All information contained in this post is for informational and amusement purposes only.
          Bankruptcy is a process, not an event.......

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            #6
            Half the hamsters are pregnant (can't turn your back on those rascals), so in 60 days we will have a fresh bunch for your discharge Victory Dance. Grats. 'Hub
            If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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              #7
              Congratulations
              North Carolina

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                #8
                Congratulations to you! Welcome to the 60 Day Club!
                Filed Chapter 7: 7/3/09
                341 Hearing: 8/6/09 - Went Smoothly!
                Discharged: 11/30/2009
                Closed: 12/16/2009

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