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cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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I was able to download information regarding the case. An

Resolved Question:

I was able to download information regarding the case. An excerpt from the Docket Text of 2/22/12 regarding the Report of Distribution states "Assets Abandoned (without deducting any secured claims): $551,322.00, Assets Exempt: Not Available, Claims Schedule: $1,113,053.29, Claims Asserted: Not Applicable, Claims scheduled to be discharged without payment (without deducting the value of collateral or debts excepted from discharge): $1,113,053.29. Can you clarify what this all means in simple terms?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.
Hi JACustomer,
Customer: replied 5 years ago.
What additional information do you need?
Customer: replied 5 years ago.
I could not see your reponse.
Expert:  cfortunato replied 5 years ago.
Sorry! I temporarily lost my internet connection.
Your ex-husband had a total of $551,332 worth of assets, and a total of $1,113,053.29 worth of debt. However, his assets were either encumbered by secured debt or exempt, so they could not be taken by the trustee.
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