I got an e-mail from my bankruptcy lawyer today. It is from our trustee concerning the stock previously mentioned in other earlier posts. It was dated December 23, but my attorney was out of town…. (as were we) so at least it didn’t screw up our christmas.
Basically it said she is taking all of the stock as the debtors (Us) obviously do not have available funds to repurchase the stock.
Well, as I mentioned before we needed to amend our schedule C anyway due to her previous objection. We figure my wife will be able to claim a portion of the stock for her exemptions, and I will get some exemptions as well. We still have not gotten a copy of the appraisal they did, so I’m not sure what I can claim. And time is running out. My lawyer has to respond to the previous objection by January 6th.
Tags: bankruptcy asset case, bankruptcy petition, bankruptcy trustee, chapter 7, personal bankruptcy