First of all, I have been a lurker for ahwile, and not much of a poster, the info and support here has been amazing. If I didn't start my research here, I would probably have still been trying to hold on by a thread and our family for sure would have suffered greatly. I wanted to say that I am so grateful for the the support and knowledge I have witnessed here.
We are done with the 341, and all she asked was what happened with the income situation(dropped ALOT), a tax question - our refund was applied towards our huge IRS debt - I didn't have to say anything, and my hubby only had to clarify the tax and income question due to her wanting clarification on the statement due to us having a large refund this year and she said "oh ok, the way I am reading it I interpreted it differently, the way it's written it appears here as if you took the initiative to apply your refund to your owed taxes
" - yeah like we had a choice to be able to get our refund, she thought we did it intentionally - Uh, they just take it when you owe...
She didn't ask for prior tax returns, nor for future returns or any new paperwork. Our atty told us that she could if she wanted to look at things deeper, but nothing!
The trustee finished with saying "you're good to go", and that's that! No creditors came, and also no one came to object to the income aspect of our case(the atty informed us that a trustee from the court can come and dismiss our case based on our income? We are over the median), he said that that's a good sign if they didn't come today, then it's highly unlikely they will. (Someone can clarify that income aspect if they like, since its the first time I ever heard of it, part of me was like HUH??
tell me this now right before we go in???). I am relieved its over, and its out of my hands now, I can't imagine this going wrong, but I don't want to get my hopes up yet.... But its looking good so far right??
The meeting was nothing at all, given there were a few snafu's from people before us:
Someone came with an old license(!), and didn't have any other photo ID, and he had an atty! The trustee was like "DID I not just announce that you need a current form of photo ID??"
Another debtor didn't show up, so I think our trustee was kinda annoyed. But she was thorough from watching her heavily examine the woman before us(she had some vaque info on some estate property due to her - and she had an atty even!!!), to the point she told that woman she has to meet with her in an hour or they will be there all day... YIKES!!!
So what are the chances of objections or dismissal at this point? I heard they were low, our atty told us of course they have the time to do so. I am just glad its over and we didn't have to reconvene for any more info, I was worried they were going to try to turn it into an asset case given our home(upside down), and previous property transferred(also mostly upside down - not worth liquidation).
What percentage can I relax now?
We are done with the 341, and all she asked was what happened with the income situation(dropped ALOT), a tax question - our refund was applied towards our huge IRS debt - I didn't have to say anything, and my hubby only had to clarify the tax and income question due to her wanting clarification on the statement due to us having a large refund this year and she said "oh ok, the way I am reading it I interpreted it differently, the way it's written it appears here as if you took the initiative to apply your refund to your owed taxes
" - yeah like we had a choice to be able to get our refund, she thought we did it intentionally - Uh, they just take it when you owe... She didn't ask for prior tax returns, nor for future returns or any new paperwork. Our atty told us that she could if she wanted to look at things deeper, but nothing! The trustee finished with saying "you're good to go", and that's that! No creditors came, and also no one came to object to the income aspect of our case(the atty informed us that a trustee from the court can come and dismiss our case based on our income? We are over the median), he said that that's a good sign if they didn't come today, then it's highly unlikely they will. (Someone can clarify that income aspect if they like, since its the first time I ever heard of it, part of me was like HUH??
tell me this now right before we go in???). I am relieved its over, and its out of my hands now, I can't imagine this going wrong, but I don't want to get my hopes up yet.... But its looking good so far right?? The meeting was nothing at all, given there were a few snafu's from people before us:
Someone came with an old license(!), and didn't have any other photo ID, and he had an atty! The trustee was like "DID I not just announce that you need a current form of photo ID??"
Another debtor didn't show up, so I think our trustee was kinda annoyed. But she was thorough from watching her heavily examine the woman before us(she had some vaque info on some estate property due to her - and she had an atty even!!!), to the point she told that woman she has to meet with her in an hour or they will be there all day... YIKES!!!
So what are the chances of objections or dismissal at this point? I heard they were low, our atty told us of course they have the time to do so. I am just glad its over and we didn't have to reconvene for any more info, I was worried they were going to try to turn it into an asset case given our home(upside down), and previous property transferred(also mostly upside down - not worth liquidation).
What percentage can I relax now?
Concluded no asset 10/17/07 
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