Bankruptcy Us Trustees
At my bankruptcy hearing i reported the auto claim and stated i used it to fix my other car, now they want it?
i got into an accident on my way to file my papers. a lady ran a stop sign and hit me. they paid me for my vehicle and we used the money to fix my wifes car that was not running at the time. we reported this to the trustee at the hearing and at the end of the hearing he said he found no assets in which we had to surrender. now hes trying to take it. and our bankruptcy lawyer informed us he can protect us up to 40,000 for our personal injury claim. are they allowed to order me to pay the money back after the trustee said we had no assets? please help me!
Yes. Comments the trustee may make at the 341 Meeting are not the final trustee report.
It is also not enough to report a personal injury award at the 341 Meeting. It must be reflected in your Schedules and an exemption claimed. Your bankruptcy attorney may need to file amended schedules. Make sure that he or she does this if required.
If the amount of the award is not exempted correctly in the bankruptcy schedules, the trustee can indeed recover the funds and use it to pay creditors. Also if the amount of the award is more than can be exempted, the trustee can take any non-exempt amount to pay creditors.
Put in a call to your bankruptcy attorney and make certain that all the necessary paperwork related to this PI claim is properly reflected in your bankruptcy schedules. Your bankruptcy attorney should coordinate with your PI attorney to make certain that everything related to the PI claim is reflected correctly in your bankruptcy schedules.
How Do I File For Bankruptcy?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.