Update, Trustee listed us as NO ASSET case

[murphsmom]

I posted yesterday that at our 341 on Thursday the Trustee indicated that he was going to have our boat re-appraised to be certain that it wasn't undervalued on the professional appraisal that we had done.

Our attorney emailed late yesterday saying that the Trustee officially listed us as a NO ASSET case, and that he strongly believes that the trustee will not be going forward with the 2nd appraisal, came to his senses and realized that there was no use.

SO, we are officially No Asset, that's good right? Now we just wait the 60 days to discharge? Wondering if the trustee would have entered us as no asset if he had ANY intention of re appraising the boat? Not that it matters, it's worth what the 1st appraisal said without a doubt, but would be happy to avoid this step.

[tobee43]

sounds that way to me!!!!!!!!! if your atty says the trustee "officially" documented you are a NO asset case!

what a day this is..ROFL!!! when one celebrates that they don't have a pot to cook in!!!!!

whoppppppppeeeeee...you haven't an asset left in world!! LOL!!!

[murphsmom]

LOL! Yep, have never been so happy to own virtually nothing of value in my entire life! Broke, in debt, getting sued, own nothing, upside down on a mortgage, but surprisingly OK with it all. Time to rebuild, learn to enjoy the simple things in life, and be thankful that I woke up healthy this morning!

This whole thing certainly puts a whole new and much appreciated perspective on true living!

[tobee43]

LOL! Yep, have never been so happy to own virtually nothing of value in my entire life! Broke, in debt, getting sued, own nothing, upside down on a mortgage, but surprisingly OK with it all. Time to rebuild, learn to enjoy the simple things in life, and be thankful that I woke up healthy this morning!

This whole thing certainly puts a whole new and much appreciated perspective on true living!

so true, it humbles one, no matter where you were in life.

we have been so much happier, i can't even express it, since we did our bk, downsized, and that downsizing just doesn't include the "space" we live in (which is much easier to upkeep), but also my file cabinet!!! life is so much more "simple" now without 400 pieces of mail coming every month. we just get the local flyers and just the few necessary bills, i.e. water, electric, phone. etc.

life is good, we actually have a saving account, an emergency fund, our next goal is to pay off our mortgage asap!!!

life is good and it very shortly going to be that way for you, too!!!

[sunshinepa]

Happy to hear the news.