Just had my 341 today and overall I think it went okay. Due to the vehicles I claimed (my only assets in life) the trustee really focused on them and made the comment that he thinks I understated the values so he wants pictures of them. He got a real kick out of it - because some of them are considered somewhat collectable. I guess depending on the further info I provide he will decide if he should send someone out to appraise them in person - not sure of the outcome yet. But that was all he really had to pick on - the rest went fine. After viewing the list of vehicles he stated "It looks like we have an asset case here..." Which my attorney and I expected and that I plan to purchase the vehicles back.
My question is - since the trustee today didn't say anything about the possibility of pushing me into a Chapter 13 can I assume he is going to accept the Chap 7? Not sure if this can come up later down the road? (Thanks in advance - I forgot to ask my attorney this question after the hearing and I am not able to contact him - don't want to be wondering over the long weekend!)
Overall - I would say the hearing was not that bad - sure, you're on the hot seat, but if you just answer everything honestly and don't try to confuse yourself that is the way to go.
My question is - since the trustee today didn't say anything about the possibility of pushing me into a Chapter 13 can I assume he is going to accept the Chap 7? Not sure if this can come up later down the road? (Thanks in advance - I forgot to ask my attorney this question after the hearing and I am not able to contact him - don't want to be wondering over the long weekend!)
Overall - I would say the hearing was not that bad - sure, you're on the hot seat, but if you just answer everything honestly and don't try to confuse yourself that is the way to go.
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