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To those that had a payment to an insider and filed chapter 7

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    To those that had a payment to an insider and filed chapter 7

    What information did the Trustee want about this payment(s)? I go to my 341 meeting on Friday and we paid by brother $2880 in the year preceding filing. (We were planning on filing later than we did to give more time in between payments and filing but got served with 2 lawsuits and had to file.) Final payment on loan was made in 1/12 and we filed 2/27/12. My attorney doesn't seem to worry about this since the money has already been given back to the Trustee when he requested it about 3 weeks ago but I want to be prepared.
    Consulted attorney 8/2010 - Finalized mortgage loan modification 9/2011 - Filed Chapter 7 ASSET case 2/27/2012 - 341 Meeting 4/6/2012
    With God, all things are possible!

    #2
    If the money has already been repaid to the trustee, then I think you are okay. You may be asked a question or two, but don't worry about it. That is what you paid the attorney for. If the trustee wants anything further he will notify your attorney ahead of time. Will your attorney be attending the 341 with you? Or will you get a 'stand-in'?
    "To go bravely forward is to invite a miracle."

    "Worry is the darkroom where negatives are formed."

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      #3
      I hope it all goes ok. This is a new Trustee and my attorney says he is aggressive because he asked for the money back before the 341 meeting and her experience is that is doesn't happen until the meeting. We are her first case with him too, there aren't any before us. We do get our attorney not a stand in, thank goodness. I emailed her earlier this week and asked if there is anything we should bring besides ID, SS card, bank statement for filing date and pay stubs and she said no. I just hope he doesn't want records of when the money was loaned and in what increments by my brother because it was back in 2008/2009 and we honestly don't remember, we just know the total. My brother is in the Navy and the letter from the trustee to him has already freaked him out because he has a security clearance and can't jeopardize that. His command is aware of everything but I don't want him drug into this any further....
      Consulted attorney 8/2010 - Finalized mortgage loan modification 9/2011 - Filed Chapter 7 ASSET case 2/27/2012 - 341 Meeting 4/6/2012
      With God, all things are possible!

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        #4
        Only bring to the 341 meeting what your attorney tells you to bring. Remember the trustee can ask and get any paper work you bring to the trustee's table at the 341. Best of luck.
        Lawyer - $3000
        Filing fee - $299
        Fresh Start - Priceless

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          #5
          Thank you. I have a pile of paperwork I thought i might need but wasn't specifically told to bring....guess I better leave it at home? I can't wait for this to be over!!!!
          Consulted attorney 8/2010 - Finalized mortgage loan modification 9/2011 - Filed Chapter 7 ASSET case 2/27/2012 - 341 Meeting 4/6/2012
          With God, all things are possible!

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            #6
            Originally posted by hnj22 View Post
            I have a pile of paperwork I thought i might need but wasn't specifically told to bring!

            Leave it at home! Bring your social security card and drivers license.
            All information contained in this post is for informational and amusement purposes only.
            Bankruptcy is a process, not an event.......

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              #7
              Frogger, I notice you had an asset case...if you don't mind me asking, what made yours an asset case? We are an asset case also do to a preference payment already recovered and possibly a car trailer if the trustee decides its worth messing with. How did this change your 341 meeting because you had assets?
              Consulted attorney 8/2010 - Finalized mortgage loan modification 9/2011 - Filed Chapter 7 ASSET case 2/27/2012 - 341 Meeting 4/6/2012
              With God, all things are possible!

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                #8
                What made it an asset case? I had more assets than could be exempted, however (thankfully) I could not qualify for a chapter 13. "Assets" are pretty worthless in bk court. If the trustee does recover the car trailer, you can probably buy it back pretty cheap.
                All information contained in this post is for informational and amusement purposes only.
                Bankruptcy is a process, not an event.......

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