We filed Ch 7 in May. we just had our 341 on Wednesday. We live in FL, and in FL only $1000 of car equity is exempt. We have a car (fully paid for) that is worth $11000. As a result, the trustee and attorney state if we wanted to keep the car, we would need to buy it back from the trustee for $11,000. As a result, we are going to surrender the car and buy a cheaper used one. I asked the attorney when we would have to give up the car and he said it is up to the trustee. We are still using the car, for it is my ride to work and kids to school. My question is, does anyone know when they will actually show up to take the car? Also, my attorney says if we continue to use the car in the interim, the trustee could charge us a car rental fee. Has anyone heard of this before?
Thanks
Thanks
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