And typically, I was not nervous at all until now, when it creeps in and steals my sleep on the one night I need it most!
I've got around $50K CC debt plus some student loans (less than $10K). The only things I own of any value are a car (exempt) and a three-year-old computer. My total assets are less than $7,000 (including the car!) I think everything's exempt, except there was about $300 or so that I just couldn't find a way to get into the exemptions.
I have only two real worries: what if the trustee wants that $300 in non-exempt property. Is it common for a trustee to go after such a small amount in comparison to what I owe? I only earn about $800 a month, so $300 is not an easy amount for me to come up with. I think the non-exempt property was part of my computer's value. I am not giving up my computer - I'd pay it in cash. I've been told that trustees accept payment plans... but still, I can't believe a trustee would look at what I owe compared to what I've got and take such a relatively small amount from me.
And: what if there were a couple of small (less than $100) debts that I forgot to list? I used my credit report to fill out the forms. I have a nagging feeling that I owe a couple of smaller debts but have no idea to whom. They weren't on the report, so can the trustee find out about them? (It would bother me if the answer's yes. I mean, a trustee can find out about money I owe, but *I* can't?) And will I get in trouble over it?
I know, it's just nerves. I just want it to be OVER. Oh... and I forgot to mention, the one day I have to drive into my state's largest city to an unfamiliar place for an extremely important meeting, we are going to have an ice storm. I hope they don't close the place because of it!
I've got around $50K CC debt plus some student loans (less than $10K). The only things I own of any value are a car (exempt) and a three-year-old computer. My total assets are less than $7,000 (including the car!) I think everything's exempt, except there was about $300 or so that I just couldn't find a way to get into the exemptions.
I have only two real worries: what if the trustee wants that $300 in non-exempt property. Is it common for a trustee to go after such a small amount in comparison to what I owe? I only earn about $800 a month, so $300 is not an easy amount for me to come up with. I think the non-exempt property was part of my computer's value. I am not giving up my computer - I'd pay it in cash. I've been told that trustees accept payment plans... but still, I can't believe a trustee would look at what I owe compared to what I've got and take such a relatively small amount from me.
And: what if there were a couple of small (less than $100) debts that I forgot to list? I used my credit report to fill out the forms. I have a nagging feeling that I owe a couple of smaller debts but have no idea to whom. They weren't on the report, so can the trustee find out about them? (It would bother me if the answer's yes. I mean, a trustee can find out about money I owe, but *I* can't?) And will I get in trouble over it?
I know, it's just nerves. I just want it to be OVER. Oh... and I forgot to mention, the one day I have to drive into my state's largest city to an unfamiliar place for an extremely important meeting, we are going to have an ice storm. I hope they don't close the place because of it!
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