It happened. The bankruptcy trustee filed a objection to claim of exemptions. She stated in a letter she thinks the values of our cars are over $4100 for one, and $5500 for the other. Are you kidding me? She uses the NADA book value. This is the price you would pay buying a used car from a dealer. The two cars together are probably only worth $4000 maybe a little more. In florida we get $2000 exemptions for cars. We also get a total of $8000 exemption for personal property.
We also now have to wait for an appraisal of our personal property. i.e. the contents of our house. Our big concern is the stock we just found out about. Since my wifes aunt left it to her, she is very sentimental to it. It must have taken her years to save this amount of money for my wife and her sister.
Tags: bankruptcy lawyer, bankruptcy trustee, chapter 7, personal bankruptcy
[...] was crying as she is very sentimental about the stock we found out about. I spoke about this in this post We are going to amend “Schedule B” which is our personal [...]