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    Question about assets

    I am hoping someone here can help explain how this happens. I am filing Ch 7 next month. I will probably be an asset case because I have things of value that exceed the 4000 FL exemption, as well as a paid of vehicle worth about 6k.

    Who and how will the decision be made of how the trustee gets my assets. Lets say I have 7000 worth of belongings, can I decide what 4000 worth of items I want to keep or does the trustee decide? Or do the keep everything and give me 4000? I'm not sure how this works and I have never seen it discussed.

    Thanks a bunch.
    Once you lose everything you're free to do anything.
    Filed 10/06/2009
    341 11/12/2009
    Discharged 1/15/2010

    #2
    I thought I had thousands worth of assets as well and was worried but after speaking to my lawyer and reading this board, the stuff is worth more to me than anyone else. Remember garage sell prices. I bet if you valued your stuff that way you may come under the exemptions allowed as we did.
    "Don't let your wants overload your a**"
    (author unknown)

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      #3
      bump
      Once you lose everything you're free to do anything.
      Filed 10/06/2009
      341 11/12/2009
      Discharged 1/15/2010

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