Deal with Trustee

[sal425]

I wasn't able to exempt all of my stock options, both vested and unvested. I was able to strike a deal with my trustee to buy the options with cash. We signed the stipulation and he cashed my check. Between then and him preparing the approval motion, there was some good news and the stock has climbed. Now he thinks the settlement is out of line with the current value and doesn't think the judge will approve.

Has anyone had this problem? Is it often the judge rejects a deal made with the trustee?

Thanks in advance-

[seFlaDude]

I found this article reference Bankruptcy and asset appreciation, It's a US Supreme Court ruling and may apply to your situation.

http://www.bankruptcyorlando.com/2010/07/us-supreme-court-ruling-addresses-appreciation-of-debtors-assets-during-bankruptcy-case.html

[limabean]

If your stock options were unvested, why were they listed as assets? If you have further performance criteria to meet, then they are not yet your assets.

I would not think that unvested options belong anywhere on your Sched B or C.

Did you get different advice?