What it's like to become an asset case

[Help!]

The local trustee's assistant talked directly with us about arrangements for the cars to be picked up and how to wrap up handing over assets. She was friendly and the towing company went out of their way to be nice. When we filed, I thought having assets liquidated would be the most traumatic thing that could happen. After all we've gone through to get to this point, this is no big deal!

By this afternoon, both cars will be gone (and we will be driving a rental car), our bank accounts will be empty and our car titles will be signed over. As scary as it is to have only the items in the house we're renting and not another penny to our name, I am deliriously happy.

I was relieved to see the "707(b)" and "MEANSYES" flags removed on PACER. The UST's declination was filed yesterday and I stared at it on my computer for a good 5 minutes in disbelief, thinking I was going to wake up from my dream and be back in the middle of the nightmare that has been my life since April.

We're in the home stretch to discharge, and I have to believe there won't be creditor objections now that they're getting a notice that they can file a claim for a distribution from assets. Closing will be delayed and could take a year because of the assets, but it's the discharge that counts.

I'm rambling, but for anyone who is worried about assets, handing over cars to the trustee, etc., it's really not so bad.

[laurannm]

I can honestly say that me and my hubby are drawing a lot of encouragement and strength from your posts. Our numbers are similar to yours and to see what you have gone through and still reach your goal, gives inspiration to all of us above-median debtors

Thanks for keeping us updated, and keep the posts coming!

[sunshine mary]

I'm really glad everything is working out for you !! I remember when you wanted to cancel your filing and was going through everything with the UST's office. I am still waiting to be designated an asset case but here we are day 52 after the 341 and every day I look in disbelief.

[oldrocker]

I am deliriously happy.

Yeah I can only imagine the sense of releif you feel at this point knowing this thing is actully now moving in the right direction and that soon this nightmare will be behind you. Time to start enjoying life again.