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Almost Home Free

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    #1

    Almost Home Free

    I am going to sign my petition on Friday...

    I was suppose to sign today, but didn't read that they needed some documents 3 days before signing.....
    It worked out though cause If I filed today the 341 would of been the week I'd be out of town...Now this way It'll be after I get back home.

    They also told me if I get a job the trustee can't touch any of the money I make. I am so happy and relieved to hear that.

    Also since I have a no asset case can I legally sell my assets now for face value? Or do I still have to wait?

    I want to sell some of my items for cash....

    The only thing I am still worried about is any creditor objecting cause most of my debt I owe is over the limit, due to financial charges...But I got no money coming in and no way to pay them anything....
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    #2
    Originally posted by nick09 View Post
    Also since I have a no asset case can I legally sell my assets now for face value? Or do I still have to wait?
    Wait until you case is closed. You never know if the Trustee is going to question some exemption you have/had.

    Originally posted by nick09 View Post
    The only thing I am still worried about is any creditor objecting cause most of my debt I owe is over the limit, due to financial charges...But I got no money coming in and no way to pay them anything....
    Over the limit means nothing with respect to objecting to a discharge. The grounds upon which an unsecured creditor would object, usually deals with the presumption of abuse for "luxury" items and items in aggregate over $600 within 90 days of filing. Or, it could be for recent large cash advances.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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      #3
      Ok thanks...I haven't used any of my cards since the end of 2007, and the beginning of 2008...

      So I should be good

      Comment

        #4
        Originally posted by nick09 View Post
        Also since I have a no asset case can I legally sell my assets now for face value? Or do I still have to wait?

        I want to sell some of my items for cash....
        Actually, once the trustee files a "notice of no asset case" or a "report of no distribution" you can do whatever you want with your assets.

        The trustees in our area usually file these a few days after the 341 meeting.

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