What to Wear

[justbroke]

I work a long but simple skirt, white blouse and jacket- what I'd wear to work on a normal day. Which made me the most dressed up debtor in the room by far. I don't know if it's coincidence or not, but the trustee is now considering converting me to an asset case and selling the house I planned to abandon anyway. I don't know if one is related to the other, but I wish I'd blended in more.

No relation whatsoever. It's based on what they see on the paperwork, or they have learned through their "investigation" of your property and liens.

[kathy09]

Thanks, Lorelei you gave me something to think about. Maybe I should just go in jeans. I'm ready to just get this over with.

[lorelei]

Kathy, the rational part of my mind believes what Justbroke said.

The reptilian part, however...

[justbroke]

When someone abandons a house -- is surrendering -- there are a lot of Trustees that will pounce and try to find a way to either invalidate the Security Interest (and thereby lien) and/or get some sort of carve-out. (A carve-out being a fancy way for Trustees to "sell" the house on behalf of the creditor and "carve out" a nice slice of the pie... typically around $10,000.)

I still say it was based on what is in the paperwork. No Trustee in their right mind would pursue worthless assets because it would cost them more than the $60 they get to administer a case. (Okay, there are some nutty Trustees out there, but they usually pursue real property where they "could" potentially make some money in commissions if they are successful.)

[lorelei]

Thanks, JB. I like hearing that it's nothing personal. Just wish it would be over and done with.