keep our stuff??

[quiverfull6]

There were things we listed that were not exempt. For example we have 3 vehicles, 2 drivers, so one vehicle (worth $800) is not exempt. But we'd like to keep it. And we have firearms that are not exempt (I guess you can keep one handgun and one rifle / shotgun. The rest are not exempt.

We were told by our attorney's office that to keep these things we will have to pay the trustee for them and payment arrangements are fine.

We had our Meeting w/ Creditors today and nothing was mentioned about these assets.

When do we find out how he is going to work this. He didn't ask, so is he assuming we want to keep them. Do we get to keep them?

How does this part work. I'm still so stressed. I won't stop stressing until this is all completely over!

Nicole

[gmk]

Keep an on Pacer. Your trustee should soon make a determination if you are an asset case or not. If you are an asset case you and/or your attorney will be notified as such (and it will posted on Pacer) as to what assets the trustee will want claim. If your stuff is not easily turned into cash, chances are the trustee will not want to bother with it and will declare you a non-asset case. If the trustee declares you an asset case, he will most likely want you to buy them back and if so you can try to work out your best deal and possible payment plans at that time if you want to keep something. many times if you indicate that the trustee can have the items, he simply won't want the bother to try to sell your stuff.

[angles]

I have not been through this myself but from what I have read it seems to mirror what gmk has posted. It makes sense that the trustee wants to turn your stuff into cash as easily and quickly as possible and the easiest way is to offer it back to the filer. After all, the filer would most likely pay more for it then someone at an auction. Keep us posted on what happens because there are not many posts on the subject and your experiences (and others) would help immensely.