How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Terry L. Your Own Question
Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2889
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
15345323
Type Your Bankruptcy Law Question Here...
Terry L. is online now
A new question is answered every 9 seconds

The Trusy filed a "Trustees Objection to Claim Exemptions."

This answer was rated:

The Trusy filed a "Trustee's Objection to Claim Exemptions." What happens next. Can I call the Trusty and talk to him about it. I don't have a lawyer.
Mario

Terry L. :

Hi, thanks for your question. You should hire a lawyer for specific legal advice. No attorney client relationship is created here.

Terry L. :

The trustee objects to your use of a certain exemption.

Terry L. :

So, you must demonstrate that you are entitled to the exemption.

Terry L. :

Ie:

Terry L. :

1. That the value of the asset is what you say it is,

Terry L. :

2. That you are entitled to that exemption, (and amount of the exemption)

Terry L. :

3. That the exemption you used was timely filed.

Terry L. :

The motion should give grounds for the objection

Terry L. :

Review the motion.

Terry L. :

You can call the trustee if you like, they may or may not talk to you about it.

Terry L. :

If the asset is significant, you should hire an attorney to assist you in defending the motion or taking other appropriate action based on the facts in your case.

Terry L. :

Do you have any questions Mario?

Customer:

There a mistake on my filing that impacted the asset value of my property. Can I file a correction?

Terry L. :

You would file an amended Schedule listing the correct value. Be sure to be able to verify it at the motion with documentation. If the court allows the amendment, the trustee will withdraw their objection. You should send copies of the amendment and verification to the trustee ahead of time as well.

Terry L. :

Any other questions?

Customer:

When you say motion that means I have to file a counter motion to the Trustee's Objection?

Terry L. :

You can file the amendment, and you can file an answer to the motion, cite the amended schedules, attach verification of proof of the correct value as an exhibit. sure

Customer:

Thanks for you help.

Terry L. and other Bankruptcy Law Specialists are ready to help you

Related Bankruptcy Law Questions