As you saw from my last post, the court got virtually nothing for everything we surrendered as part of our bankruptcy estate.
All along I had suspected the trustee of trying to get us to buy our stuff back at the appraised value. This way… she makes more money, by more “commission” and the bankrupt parties get to keep their stuff. I suspect most people want their stuff… so they pay appraised values.
It is a pain… having to give everything up. This is stuff we have had for years, for some items there was sentimental value… I gave up all my tools, household repair items, like I said pretty much everything. I imaging for a lot of people this would be difficult, and they decide not to. In our case, since we wanted a true “fresh start” and with giving up the house (2800 square feet) and moving to a small apartment, we new there would not be room anyway.
Bummer.
Tags: bankruptcy asset case, bankruptcy trustee, chapter 7, personal bankruptcy, surrender house, surrender property
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