Question Make an offer?

[stressin]

So, I checked with my lawyer today to see what the status is. My 341 was Nov 25th. Anyway, I have about $30,000 in non-exempt inventory from my retail shop that failed (my reason for bankruptcy) and the trustee wants me to/is giving me the opportunity to make an offer on the non-exempt portion of my inventory.

Well what do I make of that? They know my financial picture--in detail. The most I could offer is about $200 bucks for the lot of it. What is the point in even making an offer like that? Two hundred on several thousand?

Has anyone been in a similar situation? It doesn't really make much sense to me. Any responses are appreciated--I am scratching my head.

[keepmine]

The trustee does not want to go the trouble {expense} of picking up your stuff, storing it, insurance, and all the other things it'll take to sell it.
If you can't afford it, communicate that to your lawyer. It'll have no affect on your ase.

[HHM]

Well, if you kept the inventory, what would you do with it. I assume you are shutting down the business.

Why hassle with it if you don't need to. After all, one of the reasons for filing BK is to make your non-exempt assets someone elses problem

[banca rotta]

Depending on what type of inventory it is, maybe a local liquidator outlet can make you an offer and you can offer the trustee about 10% less then the liquidator's bid.

Just a thought.