341 trustee question...

[birdo]

If it went smooth at our 341 meeting,(few questions) is that a good sign that all was in order?

[scorpion35]

If it went smooth at our 341 meeting,(few questions) is that a good sign that all was in order?

u will want the report of no distribution right after your 341 .thats a good sign that things are going in the right direction

[tcreegan]

...always a good sign, congrats birdo!!

Tom in Colo

[birdo]

Thanks! I think I will sleep now! hahaha :0)

[StEt0417]

At the 341 meeting, do they let you know then if they want your car or other things to sale ?

[tobee43]

At the 341 meeting, do they let you know then if they want your car or other things to sale ?

actually Stet...in flordia, usually, you should know that before you get to the 341......

make certain you research your car's value yourself ...the florida exemption is not much... we submitted a copy of kelly's blue book value with our petition and was also asked how we got to the value on the petition at the 341....we told the trustee that the kelly blue value was supplied...she said fine...so we believe that was "just for the record" that she was verified the value.

however, once again, your atty should let you know prior to the meeting where you stand with your car.

[SunshineGal]

Hate to disagree with Tobee, but lately, the trustees have been dropping the bomb after the "smooth" 341. I do agree though regarding the value of the car, the trustee asked everyone at the 341 how they arrived at the value and sent a few for appraisals. We had a certified appaisal done prior to filing because Nada retail was showing way high.

[birdo]

Hello all, we actually gave up our car as we did not want to continue with a large payment.... sad as we had paid the majority of it off. They did ask us how we reached the value of our home. We used zillow. We have no equity thanks to the current market status. The trustee reported our no distribution the same day as our 341 meeting. I wish the best to everyone. I don't know about you but this has been one of the most stresfull things I have ever been through in my life !I pray it will all be done soon so we can get a new start! :0)

[StEt0417]

Hate to disagree with Tobee, but lately, the trustees have been dropping the bomb after the "smooth" 341. I do agree though regarding the value of the car, the trustee asked everyone at the 341 how they arrived at the value and sent a few for appraisals. We had a certified appaisal done prior to filing because Nada retail was showing way high.

WHere can you get a certified appraisal done at?

[birdo]

WHere can you get a certified appraisal done at?

Should be able to ask atty.

[SunshineGal]

I agree with birdo, ask your attorney for a referral. The cost runs about $75 per car.

[tcreegan]

Hi all,

FYI, for some reason NADA always seem to run high. Kelly Blue Book works much better, and as has been said, if it really needs to be ironclad get a certified appraisal

Tom in Colo

ps: almost everyone reports that zillow is high on houses