Posts Tagged ‘surrender property’

Bankruptcy sale items got picked up

Wednesday, March 25th, 2009

The buyer of our surrendered bankruptcy estate came and picked up the stuff today. I hinted to try and find out what he paid… to see if he paid close to the appraised value which is what we would have had to pay to keep the property.

Based on his response… I’m guessing not. His quote was

I don’t want you to feel bad

The point of all this is to get money for the creditors… but it seems like the only one making money is the trustee.

Bankruptcy Sale Our Stuff was Sold

Monday, March 23rd, 2009

I got a call from the buyer of the bankruptcy estate items we surrendered. He scheduled pick up for tomorrow. Thats a big issue off my mind. We are getting ready to move on April 1st, and thats less stuff to be in the way. I wonder how much they got. The appraisal was about $2400 – which is what they would make us pay if we chose to keep it.

We are relocating it’s time for a fresh start

Monday, March 9th, 2009

It looks like after 17 years we will be moving out of Florida, back to the midwest. My wife got a job offer, and it looks like it’s time to move on. It looks like a small apartment is the way we are going… not that we have a choice. Most of our personal property is going to the bankruptcy estate sale, and the few items I got to keep from my exemptions we will try to sell to get money to move. Plus we won’t have room for it in a small apartment.

Last day for claims against the chapter 7 bankruptcy estate

Wednesday, March 4th, 2009

Yesterday was the last day for anyone to file a claim against the bankruptcy estate. I did see several of my creditors waited until the very last day. Not exactly why they would wait, as we were already discharged the end of January. One more thing out of the way.

Surrendered cars today as part of chapter 7 bankruptcy

Monday, March 2nd, 2009

Today was the day we had to turn in our cars. Kinda sucked… as one was paid for, and the other only owed $300 on. But as you have read from our earlier posts the Trustee stated they were worth way more than they actually were. So instead of paying for an appraisal to fight it, and since the cars were starting to have mechanical problems we let them go.