Yay - Report of No Distribution!
Well, after our 341 last week, I see that our trustee has filed a report of no distribution 7 days later.
We are a relatively easy (had a small business that made very little money), under the median chapter 7 case. I'm not sure why, but I still worried! And waiting 7 days to find out the good news - well, let's just say I wish I had been so lucky as to find it posted on PACER 2 hours later!
Our 341 was pretty straight forward, some specific questions regarding our small business and the purchase of our home (no realtor). I would guess it lasted about 6 or 7 minutes. Having gone to see our trustee in action before hand helped - I was expecting the questions about the business, but not our home. Perhaps just wanted to make sure we did not purchase from family? Either way, I really feel like I can sleep now! Heck, I didn't even want to post about our 341 until the trustees report was in - I didn't want to jinx it!
It is true what everyone has said about the 341 - if you are truthful and have nothing to hide, don't sweat it - and believe me I know that is easier said than done!
Thanks to all on this forum - you are all such a blessing. I don't post that much, but I am here A LOT and it helps to "know" others in the same position. It is all of your support, comments, and advice that have calmed my nerves these last 2 months. Thanks to all of you for being here
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We are a relatively easy (had a small business that made very little money), under the median chapter 7 case. I'm not sure why, but I still worried! And waiting 7 days to find out the good news - well, let's just say I wish I had been so lucky as to find it posted on PACER 2 hours later!
Our 341 was pretty straight forward, some specific questions regarding our small business and the purchase of our home (no realtor). I would guess it lasted about 6 or 7 minutes. Having gone to see our trustee in action before hand helped - I was expecting the questions about the business, but not our home. Perhaps just wanted to make sure we did not purchase from family? Either way, I really feel like I can sleep now! Heck, I didn't even want to post about our 341 until the trustees report was in - I didn't want to jinx it!
It is true what everyone has said about the 341 - if you are truthful and have nothing to hide, don't sweat it - and believe me I know that is easier said than done!
Thanks to all on this forum - you are all such a blessing. I don't post that much, but I am here A LOT and it helps to "know" others in the same position. It is all of your support, comments, and advice that have calmed my nerves these last 2 months. Thanks to all of you for being here
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Indiana - Southern District - United States Seventh Circuit
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