having a vehicle with equity question

[cin6004]

Has any one here filed chapter 7 and had a vehicle that had equity?
Here is the thing I have a truck (the only thing I have that is worth any thing)
according to kelly blue book it is worth 18,000, I only owe 2,000 and Arizona's law only allows 5,000 worth of equity, so I was told my truck will be taken by the trustee.
Does any one know how far into my bankruptcy when they will take it from me?
also I was told they give me $5,000 is that when they take the truck or after they sell in in auction? I can not go without a vehicle.

[despritfreya]

Your Trustee will ask about the vehicle at the 341. So long as the vehicle is fully insured you should be able to maintain possession until the Trustee is ready to do the auction. The Trustee will want the appraiser to see the vehicle and he/she may want photos.

You should get your exemption $$ when the vehicle sells and the bid price is paid - a day or after the auction.

Des.