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Time frame for settling with Trustee

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    Time frame for settling with Trustee

    We filed for Chapter 7 and had our 341 last month. 10 days later we received a Presumption of Abuse letter. Our lawyer talked with the US Trustee, and apparently she is declining to file a motion to dismiss or motion to convert!

    My question now is if the Trustee comes after any of our $ (we had some assets that were not exempt), when will this happen? What if we don't have the full amount that they request? Is there a certain amount of time we have to come up with any $ they feel is due?

    Thanks

    #2
    That's awesome that the attorney talked to the UST and got that taken care of! What a relief for you!!! I'm jealous

    From what I know, the trustee can take the payment in one payment or take monthly payments for a set period of time.
    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
      My att said with extra assets in the Chapter 7, if we kept them, we would have the option of paying for them over 18 months - but i am sure if is different everywhere

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