All Forums  New Questions  Forum Questions  I'm a bit confused!

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by bearsndogs[/i] [br]Following sale of house earlier this year, hubby got his share and, so far as I was aware, once the Trustee got his share, everything was sorted. However, I have now received a letter from the Trustee advising of a meeting with creditors some time in June and that it is not necessary for me to attend - this is not the confusing bit! But, also enclosed with the letter is a Summary of Receipts and Payments made out of my share (Trustee's share) and this is where I AM confused. The list seems to consist of various fees including DTI fees, agents fees, legal fees, Trustee's fees and numerous other costs and payments, but nowhere does there appear to be any reference to what was owed to the creditors. Based on the information I have, does this mean that the creditors get nothing after all? If that's the case, what was the point of the bankruptcy in the first place? If the Trustees considered there was insufficient equity out of my share of the sale of the property, why did I have to sell the property? It seems to me that the whole thing was just an exercise by OR/Trustees to get as much money out of me, create as much stress as possible and to ensure that I no longer actually have any assets!! I do remember receiving correspondence from the Trustee's office about a year after the BO was made listing all the creditors and their assets, together with all the costs involved and it seemed then that the costs far outweighed what was owed and when I questioned this, I was told that the creditors would receive whatever was left from the sale, even if they had to receive less than was owed. However, it looks as if only the Trustee's various costs, agents' fees and legal fees have been met. Is this the norm and could the creditors still try to come after me for payment? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.