Do bankruptcy trustees actually visit your home?

[Epic]

When filing bankruptcy, does anyone actually visit your home for any reason?

[scorpion35]

When filing bankruptcy, does anyone actually visit your home for any reason?

yes .rarely but it happens

[ccsjoe]

Very rarely unless you live in a certain FL district

[greg2169]

do they come without notice?

[rjmwx81]

If anyone comes out, it's not usually the trustee, but an appraiser hired by the trustee. No idea if they give you notice or not. I would assume they have to give you SOME kind of notice so you can let them in, but I don't really know.

Edited to add: it would still be pretty rare for anyone to come out, though. Except in Florida, where it's apparently becoming much more common for the trustees to send out appraisers.

[mrskal]

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Edited to add: it would still be pretty rare for anyone to come out, though. Except in Florida, where it's apparently becoming much more common for the trustees to send out appraisers.

Just curious, does anyone know why they are doing it more in Florida?

[justbroke]

Just curious, does anyone know why they are doing it more in Florida?

Because Florida has a "piddly" $1,000 wildcard exemption for EVERYTHING except your car. Then you get $1,000 for one car. This can be doubled if married and filing jointly. Given the ultra low wildcard, most Trustee correctly assume that the majority of people have more than $1,000 worth of property.

(If you don't keep your home, then you also get a statutory $4,000 "unused" homestead exemption. However, you must surrender your home or not have a home to get that extra exemption. That exemption may also be doubled to $8,000 if you file jointly with your spouse. The people the are able to use the unused homestead exemption, usually don't have a Trustee audit and appraise their personal property. I was never appraised, but had the $4,000 unused homestead exemption as well as the $1,000 constitutional exemption. I had money left over too.)