Exemption trouble with vehicle in SD
We have gone through our bankruptcy, had our 341, were discharged on Feb 15th, but we had a little trouble after the discharge.
At the 341 mtg., we stated that we had given our 1996 bravada to our daughter on Sept. 2005. It was appraised at $2,275 and the trustee wanted the vehicle or compensation for the $2,275. When we got home we found that the title to the vehicle was not signed and was still in my name. We ammended our schedules B,C and our statement of financial affairs to reflect the fact that we did not legally transfer the car to our daughter, because we found the title unsigned by anyone. WE had the car appraised at a local dealership and it came to $2,000. We added this to our Schedule B and exempted it in Schedule C because we had not come to our limit of 10,000 in exemtions yet. With this as an exemption, we were a little bit over, which would then be taken from our 2005 tax refund which was 2,720. Why would the trustee object to the ammended exemption? Do we have enough of a case to object to the objection? Can we still exempt the $2,000.00 value of the bravada since we ammended it? Slightly confused here!!!! Any help would be appreciated!
Thanks in advance!!!
At the 341 mtg., we stated that we had given our 1996 bravada to our daughter on Sept. 2005. It was appraised at $2,275 and the trustee wanted the vehicle or compensation for the $2,275. When we got home we found that the title to the vehicle was not signed and was still in my name. We ammended our schedules B,C and our statement of financial affairs to reflect the fact that we did not legally transfer the car to our daughter, because we found the title unsigned by anyone. WE had the car appraised at a local dealership and it came to $2,000. We added this to our Schedule B and exempted it in Schedule C because we had not come to our limit of 10,000 in exemtions yet. With this as an exemption, we were a little bit over, which would then be taken from our 2005 tax refund which was 2,720. Why would the trustee object to the ammended exemption? Do we have enough of a case to object to the objection? Can we still exempt the $2,000.00 value of the bravada since we ammended it? Slightly confused here!!!! Any help would be appreciated!
Thanks in advance!!!