What's happened so far... advice needed?

[4Abetterlife]

-8/03/10 Filed Chapter 7 w State exemption with homestead protection (home equity ~150K) may have to consider selling due to finances. Perhaps TT is hoping for that?
-8/30 341 mtg. held
-9/30 Trustee (TT) filed motion for ext. time to file objection to discharge. 10/19 Motion granted. Time extension to 1/4/2011
-10/7 letter from TT through our attorney (10/14) stating non exempt equity and demand for payment ~ $15K (autos $8K + 7K appliances/misc.) within the next 30 days. Also requests for some additional documentation on other assets.
-Discussed with attorney (TT is his next door neighbor) suggests that autos are the most liquid and to come up with an offer for the autos to the TT

Checked Pacer for the 1st time, shows NO asset status, 341 meeting Pending.
? Demand for payment within 30 days: How critical is this now with time extension?
? Why does pacer say NO asset, and 341 pending?
?If we make an offer, is there closure or do we keep getting demands for payment?
?Being that the extension is to 1/4/2011, does this mean that any 2010 tax returns can be taken by TT even-though this would be a future asset not declared as of ch7 file date?
I'll stop there for now. Thanks!!

[backtoschool]

-8/03/10 Filed Chapter 7 w State exemption with homestead protection (home equity ~150K) may have to consider selling due to finances. Perhaps TT is hoping for that?
-8/30 341 mtg. held
-9/30 Trustee (TT) filed motion for ext. time to file objection to discharge. 10/19 Motion granted. Time extension to 1/4/2011
-10/7 letter from TT through our attorney (10/14) stating non exempt equity and demand for payment ~ $15K (autos $8K + 7K appliances/misc.) within the next 30 days. Also requests for some additional documentation on other assets.
-Discussed with attorney (TT is his next door neighbor) suggests that autos are the most liquid and to come up with an offer for the autos to the TT

Checked Pacer for the 1st time, shows NO asset status, 341 meeting Pending.
? Demand for payment within 30 days: How critical is this now with time extension?
? Why does pacer say NO asset, and 341 pending?
?If we make an offer, is there closure or do we keep getting demands for payment?
?Being that the extension is to 1/4/2011, does this mean that any 2010 tax returns can be taken by TT even-though this would be a future asset not declared as of ch7 file date?
I'll stop there for now. Thanks!!

Your pacer case will say no asset until the trustee files his interim report and changes you formally to an asset case.

You can make an offer on the cars. The trustee will formally agree to the offer or counter offer and then the offer and any payment plan you make with the trustee will be entering into the docket and you will be formally changed to an asset case.

The trustee is possibly expecting a tax return as part of the asset case, or is extending the case in order to allow you to make payment arrangements on the car.