Q: my ch.7 trustee did a final report & was accepted by the courts. I just want to know if I sell my home can he take my $
the trustee of my Ch. 7 has already done his final report & applications for distribution. I was discharged 2 years ago & now i sold my home and we close next week & the case is still showing not closed.. even though he has already disbursed funds and courts accepted his final report can he take my profits from the sale of our home?
The case is not closed but the courts told me its coming close i just want to make sure he will not take my profit everything I read states that after final distribution being accepted by courts I should be clear I just do not want surprises at the closing because if they take my profit it will cost me the other home I am buying. Please advise ASAP
A: The answer is in the final report you received. There is a line for your home, which shows it being exempted. If the final report is done, the case is closed and he cannot reach any new assets such as the proceeds from the sale of your home. Contact the attorney you used for your bankruptcy for the specific information.
1 user found this answer helpful
A: Not unless it was reserved in his final report.
1 user found this answer helpful
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