QUESTION
Can the trustee still take my truck for $150 that I owe which I can pay at end of month?
Asked on Aug 08th, 2013 on Bankruptcy - Missouri
More details to this question:
I filed chapter 7 and it was approved. The trustee wanted $2500 to keep my truck. I paid all except $150 that I won’t have until the end of this month. My attorney texted me I am in big trouble.
2 ANSWERS
Bankruptcy Attorney serving Florissant, MO
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Law Offices of Thomas Corcoran Phipps
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Most trustees would not take an asset for that small amount of money. I would pay it as soon as possible.
Answered on Aug 16th, 2013 at 9:38 PM
General Law Attorney serving Cherry Hill, NJ
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Mark S. Cherry, Attorney at Law, PC
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Trustees have the right to seize non-exempt property for the benefit of the creditors. You probably need to raise the necessary payment quickly.
Answered on Aug 16th, 2013 at 9:38 PM