Has a trustee ever changed their mind on an asset?
We had our 341 meeting a month ago and she (the trustee) asked for information on our 2 timeshares. I gave her the copies of the deeds and maintenance fees/taxes statements. A day later she said we were a no asset case and asked to be released from our case. It states no asset on Pacer, but there is no mention of the timeshares.
Could she change her mind and sell the timeshares now, even after she asked to be released from our case?
Our discharge is set for the end of August, however our timeshare week is coming up in early August. We would like to catch up the maintenance fees/taxes and go on vacation. The fees are only about 700 dollars per year, and since we own the unit free and clear, it is actually a pretty inexpensive vacation.
I guess I am wondering what the odds are that the trustee will change their mind and want to take the timeshare from us. I don't want to pay the 700 dollars and have her take the unit anyway.
Also, if she did change her mind and wanted the timeshare back, and then saw that we paid the 700 dollars, would that raise any red flags? We are a chapter 7 case and were well below the median income when we filed.
If you look on ebay, these units go for around 500 dollars or less and many just go unsold.
I posted a similar thread a few days ago, but I don't think I worded it correctly and made my questions clear. Thanks to anyone who can help me sort this out.
We had our 341 meeting a month ago and she (the trustee) asked for information on our 2 timeshares. I gave her the copies of the deeds and maintenance fees/taxes statements. A day later she said we were a no asset case and asked to be released from our case. It states no asset on Pacer, but there is no mention of the timeshares.
Could she change her mind and sell the timeshares now, even after she asked to be released from our case?
Our discharge is set for the end of August, however our timeshare week is coming up in early August. We would like to catch up the maintenance fees/taxes and go on vacation. The fees are only about 700 dollars per year, and since we own the unit free and clear, it is actually a pretty inexpensive vacation.
I guess I am wondering what the odds are that the trustee will change their mind and want to take the timeshare from us. I don't want to pay the 700 dollars and have her take the unit anyway.
Also, if she did change her mind and wanted the timeshare back, and then saw that we paid the 700 dollars, would that raise any red flags? We are a chapter 7 case and were well below the median income when we filed.
If you look on ebay, these units go for around 500 dollars or less and many just go unsold.
I posted a similar thread a few days ago, but I don't think I worded it correctly and made my questions clear. Thanks to anyone who can help me sort this out.
Bankruptcy Wizard
Comment