What does this mean?

[dspii]

I just checked Pacer after my 341 today...what does this mean?

Trustees utility. Status of meeting of creditors and/or initial report to be filed separately. (Entered: 10/16/2009)

No flags were present except MEANSNO (I passed the means test)

[dspii]

[backtoschool]

The trustee has to either write up a report of no distribution or an initial report after your 341. Those are filed separately as a separate line item on pacer. Sometimes the report of no distribution is the initial report. If you end up being an asset case like me then the trustee will just file an initial report and you will get an interim report sometime in your 60 waiting period that will give you some idea what the trustee intends to go after for assets.

So the flag simply means that the trustee has to file his initial report and that that will be a separate line item on pacer.

[dspii]

The trustee has to either write up a report of no distribution or an initial report after your 341. Those are filed separately as a separate line item on pacer. Sometimes the report of no distribution is the initial report. If you end up being an asset case like me then the trustee will just file an initial report and you will get an interim report sometime in your 60 waiting period that will give you some idea what the trustee intends to go after for assets.

So the flag simply means that the trustee has to file his initial report and that that will be a separate line item on pacer.

Thanks for info, I figure its for my upcoming tax return, but actally it could be for anything right?

[backtoschool]

Thanks for info, I figure its for my upcoming tax return, but actally it could be for anything right?

It could be anything. I had the same issue. I got a trustee's initial report the day after my 341 which could not be looked at on pacer. Then this week, 42 days into my 60 day waiting period, the trustee hired himself as a lawyer and filed an interim report which can be seen. That report is a spreadsheet-like table of all of my exemptions plus any other assets that the trustee has "discovered" at this point. There is a column at the very end of the table that has a place to put "FA". If that "FA" is there then that means that that asset is fully administered. There is a column to list how much money the trustee expects to get from the asset.

In my interim report, all my assets were set to a value of zero, and marked FA, which means the trustee was signing off on them as fully administered.

There was one line that said "preference" and it listed an asset of $1,000. That means that trustee is going after someone, either a family member or a creditor, for $1,000. I still haven't figured out what that $1,000 preference is and my lawyer was on vacation this week so it will have to wait until she comes back. A day after the interim report was posted to pacer, my case was changed to an asset case in pacer and a notice of assets was sent to all my creditors.

So, basically I was turned into a $1,000 asset case. This all happened after the period for the trustee to object to exemptions. I still don't know if the trustee is going after my next year's tax return, since it is not listed in the interim report as an asset.

[dspii]

That report is a spreadsheet-like table of all of my exemptions plus any other assets that the trustee has "discovered" at this point. There is a column at the very end of the table that has a place to put "FA". If that "FA" is there then that means that that asset is fully administered. There is a column to list how much money the trustee expects to get from the asset.

[backtoschool]

OA means that the asset is not enough for the trustee to bother with so he is abandoning it. DA means that the asset is either covered by exemptions or has zero value.

You have the same table as me. The only asset is your future tax return at this point. My only asset is some 1k preference that I have no idea what it is.

We are both small value asset cases at this point. Join the club.