top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Could someone explain the 30 day period after 341 for Trustee to Object to exemptions

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Could someone explain the 30 day period after 341 for Trustee to Object to exemptions

    Does this include weekends, or is it calendar days? What exactly does this mean? Thanks.

    #2
    It's always calendar days, unless the day falls on a holiday or weekend or day the court is otherwise closed for business.

    This allows the Trustee an opportunity to look at your exemptions and make sure that you are using the correct State or Federal Statutes, that you are entitled to the use of the exemptions, and that you the math and values all add up.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

    Comment


      #3
      Bobby, trust justbroke. His post helped me 10X more than my lawyer that I paid. Though my lawyer did not help me at all aside from cashing my check. If you survived the 341 it's smooth sailing from there. Here's my timeline for the whole thing.

      11-18-09: Filed for BK7
      11-23-09: Research begun(found this forum)
      01-05-10: 341 meeting. UST grilled me like fresh meat
      01-19-10: Trustee Report on No Distribution
      03-02-10: REAFF: Presumption of undue Hardship
      03-05-10: REAFF: Rebutted by Judge
      03-09-10: DISCHARGED
      03-12-10: Bankruptcy Case Closed
      This Forum is better than any lawyer I met.

      Comment


        #4
        Originally posted by justbroke View Post
        It's always calendar days, unless the day falls on a holiday or weekend or day the court is otherwise closed for business.

        This allows the Trustee an opportunity to look at your exemptions and make sure that you are using the correct State or Federal Statutes, that you are entitled to the use of the exemptions, and that you the math and values all add up.
        Thanks, I was asking because my 30th day falls on a weekend day, so I guess I will have to wait through that Monday?


        Thanks to Chriselle, too!
        Last edited by bobbyquefour; 03-13-2010, 04:41 AM.

        Comment


          #5
          Monday is the next business day.

          Here is a handy deadline calculator:

          *Filed: September 23, 2009 *341: November 4, 2009 *Discharged: January 4, 2010 *Closed: January 20, 2010

          Hakuna Matata...it means NO WORRIES!

          Comment


            #6
            Originally posted by bobbyquefour View Post
            Thanks, I was asking because my 30th day falls on a weekend day, so I guess I will have to wait through that Monday?
            Yes, I can't believe I forgot to include the words... when it falls on the weekend, holiday, or day the court is otherwise closed, the due date is the next date that the Court is open. So if it falls on a weekend and Monday is not a holiday, then it would be that Monday.

            Usually you'll know at your 341 Meeting if the Trustee doesn't like your exemptions, but they do have more time to actually file the official paperwork (Objection) with the Court.

            Hakuna, thanks for the calculator... that should help people!
            Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
            Status: (Auto) Discharged and Closed! 5/10
            Visit My BKForum Blog: justbroke's Blog

            Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

            Comment


              #7
              Thanks very much to both of you!!

              Comment

              bottom Ad Widget

              Collapse
              Working...
              X