Today my lawyer forwarded over a worksheet from the trustee showing what she calculated as the “overages” of the bankruptcy estate. This is the amount of property that is over and above what we are allowed to claim as exempt.
As you remember from some of my other posts, she way over valued our cars which accounts for some of the so-called overage. And then the private stock which she discovered from our income taxes, that we didn’t actually know the value of. You can read about some of that mess here.
During our 341 meeting she stated she thought our appliances were over valued as well as much of our personal property in addition to the cars. After the appraisal came in, guess what? It was about what we had claimed on our petition, and in many cases much less. (i.e. the appliances she stated were over valued on the petition… came in at $450 less than we had stated!
We now have to file a 3rd amended schedule of exemptions. As she has disputed all of them. She has also scheduled a hearing the end of February to go over this info. I’m not sure if the hearing will still be needed if she accepts this new schedule or not.
Tags: asset case, bankruptcy petition, chapter 7, florida bankruptcy, personal bankruptcy, trustee