I filed in May, under the new law (obviously). Had my 341 June 5, and now just received my discharge.
I honestly think that anyone filing this year may actually be better off than before. Through the whole process it was obvious that the trustee was only concerned with getting everything straight under the new law. They really didn't care to hassel me about anything. A few things they could have made an issue of were:
1. Equity in my house was over the limit allowed. Not by much, but technically they could have made me pay the difference. They didn't even try.
2. Several years ago I "refinanced" my car by paying it off with a credit card. I don't know if this is an issue or not, it's not like I tricked them into doing it. Or maybe it was far enough in the past they didn't even notice. Anyway, nobody from that credit card objected and I just got a free car. Well, I have been paying on it for years, but I got a $20,000 car for somewhere around $6000 out of pocket. Book value of about $5000. Ok, maybe not a great deal after all. LOL But the value of my two cars was over the limit as well, and they didn't hassel me about that either.
3. I was being sued by my business partner (the real reason for filing), and I had given her all the assets from the business when it closed. They were hers to begin with, but technically they should have been turned over to the trustee, since she sold them to me on a handshake. No mention of this at all, although it probably would have been more of a problem for her than me.
Bottom line, all the court cared about was making sure everything conformed to the new law. On paper at least I made out like a bandit. In reality I had been paying on credit card balances for years, so they didn't really lose any money. And the lawsuit was complete BS, I don't feel sorry for her in the least.
I'm just glad it's over. All I can say is when you go through this kind of trouble you really find out who your friends are. Some people stick by you, and some show their true colors and go for the throat.
I honestly think that anyone filing this year may actually be better off than before. Through the whole process it was obvious that the trustee was only concerned with getting everything straight under the new law. They really didn't care to hassel me about anything. A few things they could have made an issue of were:
1. Equity in my house was over the limit allowed. Not by much, but technically they could have made me pay the difference. They didn't even try.
2. Several years ago I "refinanced" my car by paying it off with a credit card. I don't know if this is an issue or not, it's not like I tricked them into doing it. Or maybe it was far enough in the past they didn't even notice. Anyway, nobody from that credit card objected and I just got a free car. Well, I have been paying on it for years, but I got a $20,000 car for somewhere around $6000 out of pocket. Book value of about $5000. Ok, maybe not a great deal after all. LOL But the value of my two cars was over the limit as well, and they didn't hassel me about that either.
3. I was being sued by my business partner (the real reason for filing), and I had given her all the assets from the business when it closed. They were hers to begin with, but technically they should have been turned over to the trustee, since she sold them to me on a handshake. No mention of this at all, although it probably would have been more of a problem for her than me.
Bottom line, all the court cared about was making sure everything conformed to the new law. On paper at least I made out like a bandit. In reality I had been paying on credit card balances for years, so they didn't really lose any money. And the lawsuit was complete BS, I don't feel sorry for her in the least.
I'm just glad it's over. All I can say is when you go through this kind of trouble you really find out who your friends are. Some people stick by you, and some show their true colors and go for the throat.
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